"Once we were able to pry loose the information from the county, we were told the looming deficit could range between $20 million and $25 million."
Allen Johnson: I want my county government back
Greensboro News & Record
The amount by which a government, company, or individual's spending
Also called deficit or deficit spending.
Opposite of budget surplus.
If Guilford County's projected deficit consists of $17 million in cuts
plus the $34 million the county intends to spend more than it recieves,
does the 2010/11 budget deficit = $51 million?
If they can get you asking the wrong questions, they don't have to worry about answers
Thomas PynchonSummary of Revenues, Expenditures, and Changes in Fund Balances
Fy 2010 – 2011 Proposed Guilford County Budget, Page 19 at the bottom
"TOTAL Expenditures (17,210,932)
Excess (deficiency) of revenues over expenditures (34,000,110)"
(Government, Politics & Diplomacy) the amount by which government expenditure