Word: surpluses
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Some officials have estimated that beverage distributors may be left with as much as $25 million per year from deposits on bottles and cans that are not returned. What is to be done with these surplus funds...
Your article "Living Beyond Their Means" [Nov. 8] reported that seven states, including Kentucky, "could not balance their books." With respect to Kentucky, that is not true. For the 1982 fiscal year, we had no deficit and actually ended the year with a $42 million surplus...
While I cannot speak for the other six states you said could not balance their books, the reference to New Jersey is inaccurate. At the close of the fiscal year 1982, New Jersey showed a budget surplus. Like most states, New Jersey has revenues that are currently running below anticipated levels. However, strict constitutional debt-limitation provisions require that the state finish its fiscal year with no budget deficit...
...after eleven months of various kinds of sanctions, only $200 million or so in potential sales has been affected, and some of that has been merely delayed, not lost. Thanks to grain sales of $2.5 billion this year, U.S. exports to the Soviet Union should total $3.5 billion, a surplus for the U.S. of $2.7 billion...
...world grain production in 1982. In Minnesota and the Dakotas, farmers are stuffing unsold wheat into their sheds, leaving tractors and combines out in the cold. An abandoned coal mine near Quincy, Ill., and an ammunition depot in Hastings, Neb., were recently readied for the storage of surplus grain. A few Iowa farmers are even planning to burn corn instead of oil in their furnaces this winter, and government officials in Nebraska are promoting the use of popcorn as a packing material. Says one Cornhusker official: "Gotta get rid of the damn corn somehow...