Word: surplus
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...year ago, state and local governments were all but drowning in a $1.9 billion pool of red ink. But now there is cause for cautious optimism. According to a survey by Morgan Guaranty Trust Co. of New York, states and localities may finish 1983 with a combined operating surplus of $16.1 billion...
...faced a projected fiscal 1983 deficit of $81.4 million as recently as last January. But thanks to the unflagging efforts of Democratic Governor John D. Rockefeller IV to ram through a $90 million package of spending cuts, the state managed to end the year with a small surplus of $12.4 million...
...January. But the state raised personal income taxes from 4.6% to 6.35%, added 2? to the state gas tax, whittled the number of employees on the state payroll by 4%, and delayed and deferred payments for schools. When the 1983 books closed Sept. 30, Michigan was anticipating a budget surplus of more than $50 million...
Minnesota conquered a projected deficit for 1982 and 1983 of $767 million in part with the help of a temporary income tax surcharge enacted in March 1982. Buoyed further by larger-than-expected tax revenues, state officials have predicted a $650 million surplus by the end of fiscal 1985 and an early repeal of the surcharge. In Indiana, Republican Governor Robert Orr called the state legislature into special session last December to avert an estimated 1983 shortfall of $452 million. The result: a $1.8 billion tax hike, the largest in Indiana history, and painful delays in state payments for schools...
...well as their herds. Although the total number of dairy cows has gone steadily up since 1979 and milk output has swollen accordingly, the Government's generosity makes it profitable for farmers to produce still more. One unhappy result: the Government is holding almost 17 billion lbs. of surplus "milk equivalent"-mounds of milk, butter and cheese-in warehouses and caves around the country under a price-support program that cost taxpayers $2.5 billion in fiscal...