Monday, April 26, 2010

Could Guilford County face a $61 million budget deficit in 2011/12?

All truths are easy to understand once they are discovered

The point is to discover them

Galileo Galilei
Censored Astronomer

Total Principal and Interest Due 2010/12..................................$98,352,299

Total Principal and Interest Due 2010/11................................- $70,850,005

Additional Principal and Interest Outlay................................ = -$27,502,294


Minus 2010/11 General Fund excess surplus elimination.......... -$34,000,110

Potential 2011/12 Budget Deficit.............................................. -$61,502,404


http://www.co.guilford.nc.us/11budgetpro/30%20-%20Debt.pdf
3rd Page at the top

http://www.co.guilford.nc.us/11budgetpro/10%20-%20Sum%20of%20Revs,%20Exp,%20and%20FB.pdf
2nd Page near the bottom

Whatever failures I have known, whatever errors I have committed
whatever follies I have witnessed…
have been the consequence of action without thought

Bernard Baruch
American financier, and presidential advisor
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4 comments:

Fec said...

I just love the way those charts tail off to nothing as though the county would never take on any more debt. And we all know Fox's estimates are conservative.

I eagerly await an inspection of Greensboro's debt service.

WesA_Hardaway2254 said...

Nice Post~!!!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Brenda said...

Keep it up Hon, we need to know these things. Damned Politicians! BB

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