The phrase
"dollar surplus" refers to a situation where there is an excess or extra amount of dollars available. It means that there is more money in the form of dollars than what is needed or expected.
Full definition
The five billion
dollar surplus does not actually happen until 2019, and it occurs only if state spending growth is limited to 2 % or less a year for the next three years.
There is reason to be skeptical that New York will run a
multi-billion dollar surpluses in the coming fiscal years, according to a preliminary report on the 2014 - 15 state budget released on Monday by Comptroller Tom DiNapoli's office.
But the governor and his budget officials believe that if they continue to hold spending to 2 % a year or lower, the state will have an over $ 2 billion
dollar surplus in three years, enough to pay for the tax cuts, pre-kindergarten and other programs.
«We are projecting an eight million
dollar surplus for the current year,» declared Miner to applause in her State of the City speech Thursday evening.
According to the governor's budget office, if the voluntary spending cap continues, New York will have a $ 5.7 billion
dollar surplus by 2019.
Cuomo has slashed funding for transitional jobs programs to nearly zero, despite receiving an annual billion -
dollar surplus as part of the fixed federal welfare (TANF) block grant.
McMahon does give Cuomo credit for holding spending growth to an average of 2 % per year, for the past three years, making the governor's plan to reap a $ 2 billion
dollar surplus more likely if he continues the habit.
Once Tom's trading account hit a
certain dollar surplus level, his emotions started dominating his trading decisions, causing him to take too big of risks with his money and trade too frequently.
Since then, Founders has grown into a
multi-million dollar surplus company serving customers in forty - seven states and the District of Columbia.
The governor, speaking at a business sponsored breakfast in New York City, says he'll draw on a one time
multi-billion dollar surplus that's been generated by settlements with numerous banks over their wrong doing during the recent financial crisis.
The governor's budget director, Bob Megna, concedes that the $ 2 billion
dollar surplus for 2016 is just a projection at this point, but he says he believes that it will become a reality, even if the economy goes south.
If the state does end up with a $ 2 billion
dollar surplus in 2016, as Cuomo has projected, the governor wants to use it to fully fund his plan for business and property tax cuts.
Some analysts think that China and Saudi Arabia have accumulated far more gold than they're reporting and are accumulating still more gold surreptitiously — China to hedge its dollar foreign exchange surplus, Saudi Arabia to hedge both
its dollar surplus and the depletion of its oil reserves — but that China and Saudi Arabia can't acknowledge this accumulation lest they spook the currency markets and devalue their dollar surpluses before those surpluses are fully hedged.
At the same time that he turned a three Billion dollar deficit into a 2.16 billion
dollar surplus he also cut taxes 19 times.
He turned Massachusetts» budget from red to black while governor by turning a three Billion dollar deficit into a 2.16 billion
dollar surplus.
Even though the state is running a multi-billion
dollar surplus, Gov. Andrew Cuomo's top budget aide is calling on state agency chiefs to submit spending proposals that assume zero growth next year.
I think that what that amounts to is that they're building a good foundation with the budget in dealing with the so - called» 5 - billion
dollar surplus,» more better said $ 5 billion of taxpayer's money.»
The state's Education Conference Board says now that the economy is improving and the state has a multi-billion
dollar surplus, it's time to end years of what they say is underspending on New York's schools.
When Governor Andrew Cuomo gives his budget address on Wednesday, the state will begin the year with a $ 5 billion
dollar surplus, a big change after years of budget deficits.
Budget Director Laurence Soule has indicated that Westchester County will close the 2010 financial year with at least a $ 60 million
dollar surplus.
Question: How does a New York governor turn billion - dollar deficits into billion -
dollar surpluses?
New York state finds itself with a five billion
dollar surplus — something that hasn't happened in a while.
Picente and Timpano: Oneida County Finishes 2012 With Surplus Strong Management and Sound Fiscal Discipline lead to 8.4 Million dollar Surplus
Assemblyman Charles Barron — who represents part of Brooklyn — yelled at Cuomo, «He has a billion -
dollar surplus, and the poverty is high.
The New York State Educational Conference Board says now that the economy is improving and the state has a multi-billion
dollar surplus, it's time to end years of what they say is underspending on New York's schools.
We went from a $ 10 billion dollar deficit to a $ 4 billion
dollar surplus,» Cuomo said.
UFT President Michael Mulgrew said, «Since the city continues to run a multi-billion
dollar surplus, New Yorkers should wonder why the mayor insists on laying off teachers.»
But DiNapoli, who is examining the spending plan before he puts out a report, says he'd like to see more specifics on how the projected $ 2 billion
dollar surplus will be reached.
«We've gone from a $ 10 billion dollar deficit to a $ 2 billion
dollar surplus,» Cuomo told state lawmakers at his recent budget presentation.
Current tenants at 755 - 789 St. Georges Ave. include Rita's, Subway,
Dollar Surplus, and others.