Capital Hill Oct 28, 2009
But thanks to a net $18 billion increase in Social Security revenues (after extra benefit payments), there would be a $12 billion unified budget surplus. The extra Social Security tax revenues $81 billion from 2013 to 2019 would materialize because. (Investors Business Daily)
Wyo state government must curtail spending Oct 23, 2009
It's a far cry from 2005, when lawmakers came to Cheyenne with a projected state budget surplus of $1. 2 billion, thanks largely to booming mineral production and prices. (Casper Star-Tribune, WY)
Argentina May `Easily' Succeed in Bond Swap, Stone Harbor's Craige Says Oct 23, 2009
Boudous announcement was made within hours of the government reporting its budget surplus in September, not including interest payments, was 224. 1 million pesos ($59 million), down from 3. (Bloomberg -- Latin America)
Rockwood expecting small budget surplus Oct 20, 2009
Superintendent Mark Bower said the initial budget figures project a 2 percent increase in overall basic education funding, but much of that will come from federal economic stimulus funding, which is only expected to last another year or two (Somerset Daily American, PA)
Obama, Washington ready to pander to older voters Oct 16, 2009
Of course you can, as illustrated by the way then candidate George W Bush used the projected budget surplus to buy votes by promising a tax rebate. From Alice Rivlin of the Brooking institution. (Atlanta Journal-Constitution -- Opinion)
Tsang keeps purse strings tight Oct 16, 2009
4 billion budget surplus for the year - enough to cover government spending for 20 months. Tsang, for example, said the proportion of nursing home places in subsidized contract residential homes for the elderly would increase to 90% from 50%, which meant the number of places going up by about 100, a change of little help in clearing a long waiting list. (Asia Times Online)
Sensibly done, government regulation of the financial markets can work a treat. Oct 12, 2009
The Howard government's Keynesian medium-term fiscal strategy - to balan 00004000 ce the budget on average over the cycle - plus its privatisation of Telstra left Kevin Rudd with a budget surplus and no net debt, meaning he could spend big on fiscal stimulus without concern. (So much for the scurrilous joke that the departing Peter Costello has been awarded the Herbert Hoover Prize for Economics. (Sydney Morning Herald -- Business)
Deeds, McDonnell lay out ideas to improve transportation New taxes, savings fuel gubernatorial candidates' plans Oct 11, 2009
Dedicate 75 percent of the state's annual budget surplus to transportation. McDonnell estimates this could mean $86 million a year. (Fredericksburg.com, VA)
N.D. scandal raises concerns about health co-op route Oct 11, 2009
In North Dakota, which has a $1 billion state budget surplus, residents wear their parsimony proudly. And all of the spending excesses, said state Insurance Commissioner Adam Hamm, came roughly at the time the company was seeking premium increases of 15 to 20 percent. (Boston Globe)
Stay calm, they speak with forked tongues Oct 10, 2009
using big annual tax cuts to prevent the budget surplus growing, at the same time as the Reserve was raising interest rates). But as Stevens also explained repeatedly to the Senate committee, both forms of stimulus are being wound back. (Sydney Morning Herald -- Business)
Indiana Governor Alarmed About State Revenue Oct 9, 2009
If no additional budget cuts are made and revenues continue to fall 8 percent below projections over the next three quarters, Indiana's budget surplus that was $1. 3 billion on July 1 would be dwindled to just $300 million by the end of this fiscal year in June, Daniels said. (ABC News -- Wire)
Telstra Split Proposed by Government May Hurt Investors, Shareholder Says Oct 5, 2009
The government benefited in its budget surplus by having shareholders such as us taking our shares, Barker said. But now they are changing the ground rules. (Bloomberg -- Australia & New Zealand)
Area schools respond to presidents address Oct 4, 2009
Area schools respond to presidents address. Daily Journal Online - Park Hills, MO. (Park Hills Daily Journal, MO)
EC Exec downplays Rochester fund-raiser Oct 3, 2009
Through his belt-tightening practices, Erie County finished last year with a $13 million budget surplus and is expected to have another multi-million dollar surplus this year. Collins, in his proposed 2010 budget, has pledged to keep the county property tax level at $5. (Buffalo Business First, NY)
Collins budget holds property taxes Oct 3, 2009
While the county finished with a $13 million budget surplus last year and is expecting another seven-figure surplus this year, Collins warns that revenues from such sources as sales tax and real estate property transfer tax will likely decline. Collins said he is projecting a $60 million drop in sales tax revenues between this year and 2010. (Buffalo Business First, NY)
Bundesbank Board Member Sarrazin Rebuked for Berlin `Underclass' Comments Oct 1, 2009
Last year, Berlin had a budget surplus of 940 million euros. After the Berlin Wall fell, Sarrazin oversaw a committee that mapped out the introduction of West Germanys deutsche mark into East Germany as part of German reunification in 1990. (Bloomberg -- Germany)
As the crisis passes, so does a sense of urgency Sep 26, 2009
He praises the Howard government for creating the budget surplus which its successor then used - squandered, he would say - to boost the economy when disaster looked imminent. He praises, too, the strength of Australian banks - although that, surely, is the product of far stricter regulation than in the United States or in Britain, where banks abused their freedom, failed, and had to be nationalised. (Sydney Morning Herald -- Opinion)
Culver transfers funds to balance budget Sep 26, 2009
"In spite of the economic challenges brought on by the worldwide recession, and a projected shortfall for the fiscal year 2011 budget, Iowa not only has a balanced budget for fiscal year 2009 but a budget surplus of well over 450 million for the current fiscal year," Culver said. However, the governor already has warned department heads to be prepared for more budget cuts. (Sioux City Journal)
The Death (And Life) of Conservatism Sep 26, 2009
It was fiscally conservative Clinton that listened to greenspan to limit the deficit, and actually had a budget surplus his last 3 years. It was a conservative Clinton that shrunk government and signed welfare reform before the busheviks grew government beyond belief and doubled our national debt. (CBS News)
Brazil to Raise Rates by July as Economic Recovery Quickens, Azevedo Says Sep 24, 2009
The primary budget surplus, which excludes interest payments, will be about 1. 7 percent of next year compared with an estimated 1. (Bloomberg -- Latin America)
Taxes go up (again) in Cambridge Sep 24, 2009
Some residents spoke out against Healy s use of $9 million in the city s Free Cash, or budget surplus balance, that has been shifted around to help reduce the tax rate for both residential and commercial property owners. Resident Gerry Bergman said the Council should be demanding more transparency on exactly where the money is spent. (Cambridge Chronicle, MA)
Pittsburgh Rising From Urban Decay May Offer Some Lessons for G-20 Leaders Sep 23, 2009
While the city has an operating budget surplus today, it still has $1. 3 billion in legacy costs, including $899 million owed to its pension fund. (Bloomberg)
How Bush saved the country fromBush Sep 23, 2009
Handed a budget surplus, President Bush proposed (and had approved) eight budgets with more than 40,000 earmarks that left the incoming president with a trillion dollar deficit ... He took a budget surplus and turned it into a record deficit (did the same thing as Gov. of Texas), started an illegal war of choice, was on watch when 9/11 happened, and his getting out of the way of business meant that the financial markets ran wild with no accountability. (Atlanta Journal-Constitution -- Opinion)
Scottsdale reports budget surplus of $6.6 million Sep 23, 2009
Scottsdale reports budget surplus of $6 ... Scottsdale reports budget surplus of $6 ... 6 million budget surplus as the final financial figures come in for the 2008-09 budget year. (AZCentral -- Business)
Voters to decide Houstons future Sep 22, 2009
Wilson listed accomplishments he credits to the current mayor, including a budget surplus in spite of increased services. But, he reserved comment on appointing him again, saying he will wait until he sees which council members would desire that burden. (Wasilla Frontiersman, AK)
Fresno halts project on asbestos fear Sep 22, 2009
Directors of the Central Valley Regional Center on June 20 decided to distribute a budget surplus to workers. The bonuses, based on salary and seniority, averaged $1,400. (Fresno Bee)
Brazilian Real Declines for a Third Day After Surplus Target Is Reduced Sep 22, 2009
Sept. 21 (Bloomberg) -- Brazils real fell the most in a week after the government lowered its target for the budget surplus, fueling concern the countrys fiscal accounts are weakening amid the global recession. Interest-rate futures rose to the highest in two months. (Bloomberg -- Latin America)
Aging Population Concerns Australian Treasurer Sep 19, 2009
Partly because of this and other decisions, the government's medium term fiscal strategy is projected to return to a budget surplus in fiscal 2015-16, he said. Over the next 40 years, it is projected the number of young people and the number of people of traditional working age will both increase by about 45%, he said. (SmartMoney)
Argentina's 2010 Budget Forecasts Primary Budget Surplus at 2.3% of GDP Sep 18, 2009
6 billion pesos, leaving an overall budget surplus of 0. 05 percent in 2010, according to the bill. (Bloomberg -- Latin America)
China to come out of economic crisis strong: analyst Sep 18, 2009
China was the only major country in the world to have entered the crisis with a budget surplus, which put the government in a better position to spend, he said. The government also made it difficult to get loans in 2007 because they were worried that the economy was growing too fast, Zakaria said. (Xinhuanet, China)
Stoltenberg Becomes First Norwegian Leader to Win Re-Election in 16 Years Sep 15, 2009
Norway struck oil in the North Sea 40 years ago, making the country the worlds second-richest nation per capita after Luxembourg, with a 2008 budget surplus of about 20 percent of gross domestic product. The wealth has posed problems for successive governments in juggling demands for spending and tax cuts, while keeping the from overheating. (Bloomberg -- Europe)
Coles school tax plan called swap Sep 15, 2009
g1g2 wrote on Sep 14, 2009 8:19 PM:" Well, well, well...everyone complains that property taxes are too high, so they try to do something about it and you all just b.... and moan. They have not asked for the max levy according to PTELL for the last number of years; and, oh yeah, the budget surplus is gone because the anti-tax school board slate you all elected about 5 years ago to "reign in the taxes" started abating back money to everyone, WHICH THEY DID NOT HAVE TO DO,and demanded spending down... (Mattoon Journal-Gazette, IL)
TEA party at the Courthouse (806) Sep 15, 2009
tc wrote on Sep 14, 2009 10:03 AM:" Its amzing to me that george bush can spend billions of dollars on 2 wars that never should of been started and was nothing but lies that has been proven by facts and these people never said a word. Now that obama wants to spend money on helath care so people like my father who is retired living on a fixed income can get the care he needs for his prostrate cancer shots ($1,000 s shot) they are all yelling and screaming we cant afford it.I guess we see where... (St. Joseph Herald-Pallidium, MI)
Argentina Must Curb Spending in 2010 as Growth of Revenue Slows, Marx Says Sep 14, 2009
Marx, 56, now a director at Buenos Aires-based research company Quantum Finanzas SA, estimated the primary budget surplus, which doesnt include debt interest payments, will narrow to the equivalent of 1 percent of this year and is unlikely to recover during 2010. He said he focuses on the primary budget because it gives a more accurate picture than the overall figures of how the government handles its finances. (Bloomberg -- Latin America)
Ex-governor floats his name for position Sep 13, 2009
Symington said he was responsible for creating a large budget surplus and pushing through several tax cuts. This isn t the first time Symington, forced to resign in 1997 after a fraud conviction in federal court unrelated to his political life, has floated his name for governor. (Sierra Vista Herald, AZ)
Norway's Divided Opposition May Oust Premier, Fail in Forming Government Sep 12, 2009
Norway discovered oil in the North Sea about 40 years ago, transforming the country into the second-richest country per capita last year with a budget surplus of about 20 percent of gross domestic product. The wealth amassed in the worlds fifth- largest oil exporter has posed problems for successive governments in balancing spending demand and keeping the economy from overheating. (Bloomberg -- Europe)
UN wants new global currency to replace dollar... Sep 9, 2009
Oh, no. Rigging the political system for the ultimate power grab: Bush came into power with a trillion dollar budget surplus. Certainly enough to protect our borders and even attacked provide health care for all Americans. (The Drudge Report)
Katharine Hepburn Cultural Arts Center In Old Saybrook Having Open House On Sunday Sep 5, 2009
The next year, when the project needed $215,000 from the town's budget surplus to pay for unexpected structural costs and other items, a group of residents petitioned to bring the proposal to referendum. Voters rejected this final request. (FOX61, CT)
Summer surprise at Community Center Sep 4, 2009
Director reports budget surplus to cash-strapped town board ... Published: Friday, September 4, 2009 2:18 AM EDT CATSKILL The Catskill Community Center reported a budget surplus for its Summer Recreation Program Tuesday, much to the surprise of a town board strapped for cash ... Kellie Darling, director of the Catskill Community Center, reported to the town board an approximately $4,000 budget surplus, mainly due to savings in the Tiny Tots summer recreation program for 4- and 5-year-olds and... (Catskill Daily Mail, NY)
It pays to pump Sep 2, 2009
Harms said the financial impacts range from the enormous sums from oil and gas tax collections, the budget surplus during the recent legislative session and the number of jobs its helped produce overall in the state. Harms said around 46,000 jobs are in some way connected to the industry. (Williston Daily Herald, ND)
State lawmakers halt special budget session Aug 27, 2009
Suspended in 2006 during a budget surplus, it comes back automatically without legislative action. Its permanent repeal is in one of the budget bills approved by GOP lawmakers and sitting on Brewer s desk awaiting her decision. (Sierra Vista Herald, AZ)
Rell's New Plan: Tax Millionaires, Eliminate Inheritance Tax Aug 27, 2009
That plan, however, was unveiled in good economic times, and the state budget surplus kept rising so much that legislators and Rell decided that raising the state income tax was not necessary. Democrats were immediately supportive of Rell's concepts, and they canceled Thursday's special session in which they had originally intended to vote on their own version of the budget. (FOX61, CT)
Contract Talks Continue In Kent School District Aug 26, 2009
Teachers point to a $21 million budget surplus, but the district said much of that money is already spoken for. It's spoken for in terms of projects that are in progress but haven't been finished, roofs that haven't been finished, construction projects, so we haven't been billed for those yet, Hanks said. (KIRO TV, WA)
Hampton School Board may review $1.2 million in cuts Aug 25, 2009
Hampton School Board may review $1. Do not try the Aztec tilapia. (Seacoast New Hampshire)
Schiff: Hyperinflation Risk High Aug 20, 2009
Wednesday, August 19, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
Your views: Political punches Aug 20, 2009
Where were all these tea-party town-hall protesters when President Bush started two wars, wiretapped their phones, ran a federal budget surplus into a $1. 3 trillion deficit, passed a senior drug program with no funding, killed our financial system and started the bank bailouts with over $700 billion. (Florida Today)
Liberal Whole Foods Fans Feel Betrayed Aug 20, 2009
Under Clinton, the national debt dropped from 68 percent (early in term) to less than 60 percent-- and Clinton handed Bush2 an actual budget surplus. Bush then ignored warnings about changing economic conditions, and handed the overwhelming majority of that surplus to his wealthy friends (a tiny 5. (CBS News -- Politics)
Obama Vows to Change Insurance Polices Aug 16, 2009
" _____________________________________________ This is exactly why Bush's tax cuts were so irresponsible. When Bush came into office, Clinton had left him with a budget surplus. The Democrats begged him to use it to use that surplus to fix Social Security. Instead, he gave a tax break to the wealthiest, leaving this unfunded liability. Then they passed the 2003 Medicare Drug bill. The unfunded liability for that is even larger than Social Secutiry. That's why reform is the biggest issue we... (CBS News)
Are You Ready to Make Real Money? Aug 16, 2009
India has a younger workforce; Chile a large budget surplus and abundant natural resources; China a massive population with significant personal savings; Brazil and Peru growing resource economies that are developing stronger and stronger ties with China. Thus, these countries can hold up to some degree even as the U.S. falters, though complete decoupling is unlikely. (MSNBC -- Business)
Mandan mayor supports Dorgan Aug 15, 2009
2 percent, a projected $700 billion budget surplus and tax cuts. And by the way, the state reports there are 9,000 job openings waiting to be filled. (Bismarck Tribune, ND)
Cromwell Board Of Selectman Approves $100,000 For Engineering Study Aug 15, 2009
The money for the engineering study will be taken from the undesignated budget surplus. The roads in the subdivision are Crest Drive, Iron Gate Lane, Castle Drive and Carriage Drive. (FOX61, CT)
Path to work ends in North Dakota Aug 14, 2009
2 percent, a budget surplus of $1. 2 billion and more than 9,000 unfilled jobs. (MSNBC -- Race)
Downturn, debt Dems' fault Aug 14, 2009
Take away most of that spending and there would be budget surplus and the debt would be falling. The War Party (GOP and Dems) squandered the so called peace dividend. (Helena Independent Record, MT)
President plans stop in Bozeman Aug 13, 2009
purple wrote on Aug 11, 2009 10:02 AM:" [guns]I see you conveniently forgot that clinton left a recession for G.W. to have to deal with.Oh gee, clinton left a budget surplus. The problem with that, since the government has NO MONEY OF IT'S OWN, the budget surplus came from the clinton administration OVER TAXING the people. Government at NO LEVEL should be running a budget surplus. ". HakonMontag wrote on Aug 9, 2009 5:51 AM:" gun - "too good to be true"Yes even my wife complains that it sounds... (Helena Independent Record)
Hamiltonforeseesno tax hike Aug 13, 2009
1 million anticipated budget surplus helped offset spending costs and declines in revenue. According to township business administrator John Ricci, revenue figures for both state aid and building permits were down approximately $600,000 in each category, while the amount of tax ratables decreased by $2 million. (NJ.com -- Times)
Higher oil prices boost Gulf outlook Aug 11, 2009
Saudi Arabia, the world's largest oil exporter, is now expected to register a small budget surplus equivalent to 0. 6 per cent of GDP, the bank said, after initially forecasting a deficit of 4. (Sydney Morning Herald -- Business)
Health care reform crucial Aug 10, 2009
These are the same people who lied us into a war that cost us thousands of lives and billions of dollars, turned a four-year budget surplus into a massive eight-year budget deficit, and then, through deregulation and lack of oversight, allowed big busine 00004000 ss and Wall Street to almost destroy our economy and nearly drive us into a depression. But the insurance companies, big pharma, and the HMOs are putting on a full-court press. (Herald Online, SC -- Opinion)
Unkept promises Aug 8, 2009
Wouldn't it be been nice if Bush had used the budget surplus to provide health insurance for Americans who can't afford it instead of sending a check to the richest 1% of our population ... Fact: when Bush took office he inherited a $431 billion budget surplus ... Then in 2003, when the budget surplus was gone, Bush passed another round of tax cuts, this time cutting the tax rates on capital gains and dividends (taxes that mostly effecting the wealthiest). (Coos Bay-North Bend The World, OR)
Clinton, Kim Hold "Exhaustive" Talks Aug 5, 2009
He created the most successful economic climate in US History and the first budget surplus in generations, immediately after years of Wingnut Rule in which they told us it wasn't possible. and now they're all but done, just a couple more election cycles from extinction. (CBS News -- World)
FSISD board gets peek at budget Jul 31, 2009
The budget surplus is forecast to be 921,094. According to the preliminary budget, payroll is the largest forecast expenditure at 15,619,460. (Fort Stockton Pioneer, TX)
Peruvian Peaks Jul 30, 2009
3 billion budget surplus. And so, when troubles came, it was able to respond in textbook fashion. (Slate)
IMF Says Brazil Has Room to Cut Rates, Add to Stimulus If Economy Worsens Jul 29, 2009
The government cut its primary budget surplus goal in April to 2. 5 percent of gross domestic product, from an initial 3. (Bloomberg -- Latin America)
Kids Count: Child poverty down in Wyoming Jul 29, 2009
Wyoming Kids Count Director Marc Homer says Wyoming leaders missed opportunities to use a state budget surplus to help children but they still can do things to improve youngsters' lives. Article Rating. (Casper Star-Tribune, WY)
General fund: Analyst says surplus at $392M - Tax collections, interest earnings below estimates Jul 29, 2009
Gov. Brian Schweitzer's budget director, David Ewer, had his own figures for 392 million general-fund budget surplus, or reserves, on June 30. These are unusually high reserves, Ewer said. (Missoulian, MT)
Tribune editorial: Lawmakers a $3.24 million click away Jul 27, 2009
The state had a huge budget surplus, more than a billion dollars. If money would have been tight instead, the result would have been very painful for state employees, the people of North Dakota and state lawmakers. (Bismarck Tribune, ND)
