budget surplus

noun

: more money than is needed to pay for planned expenses
The state currently has a $3 million budget surplus.

Examples of budget surplus in a Sentence

Recent Examples on the Web Legislators anticipate a $3.5 billion budget surplus for the coming fiscal year, driven largely by oil and natural gas production in the Permian Basin that overlaps southwestern New Mexico and western Texas. Morgan Lee, Quartz, 13 Feb. 2024 Moreover, tensions have risen between school leaders and Texas lawmakers as the hopes that the state’s $32.7 billion budget surplus would have helped districts keep up with inflation and provide teacher raises fell flat in the last year. Lina Ruiz, Fort Worth Star-Telegram, 12 Feb. 2024 Most recently, legislators this year failed to take up Gov. Brad Little’s proposal to use a fraction of Idaho’s record-breaking budget surplus to build a 26-bed facility on state land near the state prison. Audrey Dutton, ProPublica, 13 Dec. 2023 After a $100 billion budget surplus two years ago, the Golden State is now staring at a $68 billion shortfall because the gusher of tax revenue from soaking the rich has dried up. The Editorial Board, WSJ, 8 Dec. 2023 How did the state stumble into this red ink hole, falling from a $100-billion budget surplus just 18 months ago? George Skelton, Los Angeles Times, 11 Jan. 2024 In October the Texas comptroller projected an $18.3 billion budget surplus. Allysia Finley, WSJ, 31 Dec. 2023 California had a significant budget surplus in 2021 and 2022 but now has one of the largest deficits in the state’s history due to the significant expansion of state government. Phillip Molnar, San Diego Union-Tribune, 19 Jan. 2024 Biggest ever surplus, budget Minnesota had a record $17.5 billion budget surplus in the beginning of 2023, and by May the governor and DFL lawmakers had put together a record $72 billion budget that raised spending by close to 38% percent over the previous biennial budget. Alex Derosier, Twin Cities, 1 Jan. 2024 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'budget surplus.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near budget surplus

Cite this Entry

“Budget surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/budget%20surplus. Accessed 28 Feb. 2024.

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