This article was originally published in South Carolina Daily Gazette. COLUMBIA —South Carolina’s K-12 schools, technical colleges and hospitals that employ medical students would see the greatest windfall from $152 million in unspent lottery profits under a House budget proposal. The money, originally intended for college scholarships, came to light in December, when the inspector […]
Tag: surplus
How Illinois could spend some of its $1.6B budget surplus
While eyes in Springfield shift to crafting the next budget, the current fiscal year still has 3 1/2 months left. And, with higher than projected revenues, supplemental spending is now on the table. The Commission on Government Forecasting and Accountability announced revised numbers earlier this week, now seeing revenues grow to $52.6 billion in fiscal […]
Vietnam trade surplus may reignite US tensions if Trump returns, experts warn
By Francesco Guarascio HANOI (Reuters) – Vietnam’s large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other sensitive electric products boom. Super Tuesday results last week confirmed the November U.S.-election is set to pitch incumbent Joe […]
Alex Evenings Womens Slimming Short Sheath 3/4 Sleeve Dress with Surplus
Kodak explores tapping pension fund’s $1.2 billion surplus, Bloomberg reports
Feb 29 (Reuters) – Eastman Kodak Co is contemplating a move to unlock gains created by its overfunded pension system, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Shares of the company closed about 52.6% higher, after the report. Kodak was once a key player in the photography and film industry, […]
Shapiro defends spending from surplus as Pa. GOP warns about structural deficit
Feb. 10—HARRISBURG — Gov. Josh Shapiro‘s ambitions for Pennsylvania in the upcoming fiscal year come at a cost, one the commonwealth can seemingly afford — at least in the short term. As to the long term, the outlook is rocky. Shapiro’s proposal requests $48.3 billion in general fund spending, the commonwealth’s primary operating account, and […]
Georgia’s General Assembly faces a good problem — what to do with massive budget surplus
The 2024 session of the General Assembly starting Monday is expected to feature renewed debate over issues lawmakers have wrestled with for years, including private school vouchers, legalized gambling, and tort reform. But the biggest difference this year is that Georgia is sitting atop a $16 billion budget surplus and another $11 billion undesignated funds. […]
New Mexico needs to invest its $3.8B surplus in transformative Infrastructure projects
As the chair of the South Central Regional Transit District, I support Rep. Dayan Hochman Vigil’s introduction of a bill in this legislative session that will create the New Mexico Transportation Trust Fund. The fund would be developed with a one-time appropriation of nonrecurring money from the state General Fund. That money will be invested […]
Exchequer records €1.2bn surplus for 2023
Additional report by Reuters. An Exchequer surplus of €1.2 billion was recorded in 2023. The figure is a decline of €3.8 billion on the surplus recorded in 2022, with growth in tax revenue offset by several factors, including increased public expenditure as well as the transfer of €4 billion from the Exchequer to the National […]
This year’s Illinois budget surplus could be followed by a deficit
With Illinois lawmakers scheduled to return to legislative session in less than a month, a recent government fiscal forecast provides an overview of the budgeting landscape that awaits them. The bottom line from the five-year forecast from the Governor’s Office of Management and Budget: The current fiscal year is now projected to end with a […]
Minnesota projects short-term budget surplus, long-term deficit as health, education spending hikes kick in
Minnesota’s budget picture remains stable in the near term but there are clouds on the horizon, officials announced Wednesday. An updated forecast from Minnesota Management and Budget projects a surplus of $2.4 billion in the two-year budget period that runs through June of 2025. That’s up $808 million from the estimate at the end of […]