Could Guilford County face a $73 million budget deficit in 2011/12?

Could Guilford County face a $73 million budget deficit in 2011/12?

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 Fund excess surplus elimination $36,695,976

Plus additional corrections costs for new jail $9,000,000

Potential 2011/12 Budget Deficit.............................................. $73,198,270
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Debts are fun when you are acquiring them,
but none are fun when you set about retiring them.

Ogden Nash