Like other states basking in the nation's continuing economic boom, New Jersey reported a record budget surplus this fiscal year - $782 million - as steady increases in business profits and personal income swelled incoming revenues.
In such situations, there are any number of ways that incoming revenue can end up lagging behind initial projections.
After a number of efforts to go to trial against the NCAA's incoming revenue, a court date has been set.
A state inheritance tax was passed along with budget control act which prohibited the State of Alabama from spending beyond incoming revenues.
The result this year is that the debt service and auto-pilot commitments (Medicare, Social Security, debt-service, etc.) consume all of our incoming revenue.
By 1890, however, it was found that incoming revenue was 90% below what the Queen Victoria Niagara Falls Park Commission was budgeting for.
If incoming revenues stay low, interest due to noteholders and bondholders, including payments due on June 15, might not be paid.
Long before that, however, the Bush tax cuts will crimp incoming revenues by over 2 percent of G.D.P.
However, the caliph was unconcerned and, indeed, incoming revenue soon arrived, enabling his bounty to continue.
President Bush has not officially embraced price indexing, which would by itself close the predicted $3.7 trillion gap between outgoing benefits and incoming revenues over the next 75 years.