Word: surpluses
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...residents. But Quadding more students is not the answer, rather, juggling the allocation of students in three Quad Houses could take care of North Houses's size problem. Fewer students could be placed in South and Currier--a likely welcome relief from the notorious "ec double" system--and the surplus assigned to an expanded North. Then, the three Houses each would have more residents than Dunster, and about the same as Kirkland and Winthrop--Houses not known for lack of spirit...
...finished fiscal 1983 with a comparatively manageable deficit of $462 million. That done, he blue-penciled $1.1 billion from the legislature's fiscal 1984 budget proposals. Coupled with surging revenues from the state's rebounding aerospace and defense industries, the changes have resulted in a projected 1984 surplus of $440 million and a 1985 surplus of $1.2 billion. "Ours is one of the most elastic tax bases in the country," says California Legislative Analyst William Hamm. "Our sales, income and corporate profits taxes respond directly to the economy...
...back a projected 1983 deficit of $528 million by tacking an additional 90% onto the state's personal income tax. Despite the size of the hike, deficit-weary Ohioans soundly rejected a tax repeal referendum earlier this month. The state ended the fiscal year with a $43.6 million surplus and is now looking forward to a combined bonus of $80 million in fiscal...
Despite these success stories, the fiscal fate of many states is still uncertain. One alarm bell is the dangerously low level of reserve funds. Georgia's protective surplus stands at $9 million, the lowest level in 15 years. "That would run the state government for about six hours," says Clark Stevens, director of the Governor's office of planning and budget. In even worse shape is Mississippi, which is looking at a $120 million deficit in fiscal 1984, despite $250 million in pared spending. "We've cut all the fat we can," laments outgoing Democratic Governor William...
...industrial machinery and farm goods during the second quarter of 1983, a 5% increase over the first quarter. In the United Arab Emirates, imports were 2% higher in the first half of this year than in the same period a year ago. Result: after years of accumulating huge surpluses, some energy-producing states are now sinking into the red. Saudi Arabia is expected to spend some $26 billion more than it takes in from abroad this year; in 1982 the Saudis had a surplus of some $2 billion...