Word: surpluses
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...Dukakis administration became embroiled in controversy last week when a new budget estimate, predicting a surplus of $509 million, was announced in a bond prospectus, a document that normally receives little attention...
...estimate including tax revenues from December and January, revealed that the earlier budget estimate the Governor announced in January, predicting a $209 million surplus, drastically underestimated tax revenue...
...doing, Sasso allegedly hoped to avoid any demands for the surplus' expenditure. Dukakis has already endorsed the House version of next year's budget, under which the surplus would be allocated automatically...
...Governor has come under fire for his ignorance of the new estimate. The office of House Republican leader William Robinson said, "It shows a clear case of mismanagement or misinformation. Dukakis, Keefe tout themselves as top management, and Dukakis doesn't know what his own budget surplus is. There is something drastically wrong and dishonest when the budget surplus doubles and the Governor doesn't know about...
...Dukakis-endorsed Voke budget would spend the surplus in large part on a tax cap, a 10 percent increase in Aid for Families with Dependent Children (AFDC) and General Relief accounts, and a refunding of the $11 billion pension program...