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
Please see my responses below in blue..."
Michael Halford email to George Hartzman
What was the dollar amount of the gap
between Guilford County’s FY 2008/9 spending
and FY 2009/10’s revenues?
$548,894,797 – $547,402,275 = $1,492,522
What is the projected dollar amount of the gap
between Guilford County’s FY 2009/10 spending
and FY 2010/11’s expected revenues?
$596,945,277 - $535,745,660 = $61,199,617
.
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"
George Hartzman, May 9, 2010
.
If the county spends down to thier reserve limit this year,
where are they going to get the $27,502,224
for increased principle and interests payments in 2011/12?
http://www.co.guilford.nc.us/11budgetpro/30%20-%20Debt.pdf
3rd Page, and the chart on the 5th shows debt payments going over the county guidlines
.
So if the county goes down to the reserve minimums this coming year,
will they have to cut the $34 million of no more reserves to raid
and then another $27 million from the budget for debt
on top of $4 [now 9] million more for 80 new detention officers in 2011/12?
George Hartzman, April 25, 2010
.
The City of Greensboro has yet to release comparable numbers
after repeated information requests.
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