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1
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MR. DOHAHO: It is a cash surplus at the end of
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2
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the year, but not an appropriation's surplus.
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3
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MR. LAUBER: If it is a surplus , in the next
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4
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year you have to raise taxes, I have heard people in the
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5
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last too years say, we understand the State has $35,000,000
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6
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in surplus and they are talking about raising the taxes.
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7
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Why don't they stop that?
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8
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MR. DONAHO: The surplus they are talking about
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9
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is the unappropriated surplus. It is not the cash surplus.
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10
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The cash surplus is something else. You can go back to the
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11
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time when they said they were broke and they had so much
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18
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cash on hand. This State has not had less than $23,000,000
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13
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cash. on hand since the depression of 1929. There has never
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14
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been a question of cash or meeting their bills. It has
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15
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always been a question of the surplus, and that conies out
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16
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of this -- for example, take the estimating of the reversic
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17
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I have fought this battle for the State for many
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18
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years. Jim Rennie, come hell or high water, won't put
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19
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$5,000 in there, even though he knows it is going to be
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20
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too and a half million or three million or four million.
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21
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THE CHAIRMAN: He blames it on the State
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