A budget deficit occurs
when an entity spends more money than it takes in.
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
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.
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"
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
Deep Thoughts on Guilford County Politics and the Budget, by the GN&R's Allen Johnson
April 25, 2010
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.
Deep Thoughts on North Carolina's Proposed Budget, Jail Costs and Guilford County Finances, by Scott Yost
Tuesday, May 4, 2010