A budget deficit occurs
when an entity spends more money than it takes in.
Wikipedia
If Guilford County's projected deficit consists of $17 million in cuts
plus $34 million the county intends to spend more than it recieves,
does the 2010/11 budget deficit = about $51 million?
If they can get you asking the wrong questions,
they don't have to worry about answers
Thomas Pynchon
Summary of Revenues, Expenditures, and Changes in Fund Balances
Fy 2010 – 2011 Proposed Guilford County Budget, Page 19 at the bottom
...Commissioners Chairman Melvin “Skip” Alston
reiterated a promise there would be no tax increase,
saying in other published reports that he was “100 percent” confident.
Joe Killian
Greensboro News and Record, April 9, 2010
Did Someone in Guilford County's Government Lie
to the Greensboro News and Record on the Budget Deficit?
April 25, 2010
Maybe that's why Fox refused to offer a number to the question
"what is the deficit" as opposed to "here are the proposed cuts"
Guilford proposes $17 million cut
Could Guilford County face a $61 million budget deficit in 2011/12?
April 26, 2010
So if the county goes down to the reserve minimums this coming year,
will they have to cut the $34 million and then another $27 million from the budget
in 2011/12?
Deep Thoughts on Guilford County Politics and the Budget, by the GN&R's Allen Johnson
April 25, 2010
Budget Deficit
The amount by which a government, company, or individual's spending
exceeds its income over a particular period of time.
Also called deficit or deficit spending.
Opposite of budget surplus.
Investorwords.com
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Tuesday, May 4, 2010
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