Word: surplus
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...week later, in his financial message. King took credit for a $100 million budget surplus and promised to provide further tax cuts by completely eliminating the "Dukakis surtax...
This year, Dukakis is careful in his criticism of King's financial plan, which would reduce taxes, and O'Neill's plan, which would increase them. Without control of the books, he says, he does not know whether the state faces a budget surplus or a budget deficit. He has proposed that localities receive two-fifths of all increases in state revenue, but has successfully avoided committing himself to a specific tax plan...
...under President Ford in 1976. Even if all his proposals are enacted, Reagan calculates, the deficit would shrink only to $91.5 billion in the coming fiscal year, and would be $82.9 billion in fiscal 1984, the year for which Reagan's 1981 budget message had forecast a small surplus. The inescapable conclusion: somehow in twelve months there had developed a $100 billion misunderstanding...
Farmers are among the loudest skeptics. They fear that Reagan will go further and impose a new embargo on grain shipments, which would swell the U.S. agricultural surplus and depress farm prices and incomes. Their concern stems from their bitter experience with the embargo that President Carter declared two years ago after the Soviet invasion of Afghanistan. Says Jared Hoover, who farms 1,400 acres outside Abilene, Kans.: "I can understand suspending talks on a new agreement with Moscow. But we should have enough history under our belts to teach us a lesson. Despite Carter's embargo, the Russians...
...University released its annual financial report earlier this month, and it showed a surplus of $329,000 for fiscal 1980-81. The report also showed that the market value of Harvard's endowment hit $1.62 billion, an increase of $131.7 million over the previous year...