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Comptrollers and they don't like what the Governor is
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doing, and there are all kinds of problems as to what the
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estimated revenues will be. They get together and they
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decide what the revenue estimate will be. That is how the
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surpluses have been developing, because they are always
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fooling around with the revenue estimate.
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MR. LAUBER: Am I correct in my understanding
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that they use the same system as in Montgomery County, they
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fund the budget and estimate revenues conservatively?
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MR. DONAHO: They do not estimate accurately.
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MR. LAUBER: Do they estimate actual expenditures
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or appropriations?
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MR. DONAHO: They are under an obligation basis.
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MR. LAUBER: I think there is a difference
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between appropriation authority, which you cannot possibly
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spend —
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MR. DOHAHO: But you have obligated the funds
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and expenditures in the books of account. The funds, the
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money is tied up.
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MR. LAUBER: But if there is a surplus at the
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end of the year --
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