Ok. So how much of this increase is due to the oil and gas royalty windfall? Most, if not all, of that is going to capital outlay and is not recurring. The real problem is in the annual budget obligations, not the bump from fluctuating oil and gas revenues.
Mike Runnels | 01.13.07 - 8:23 am | #

Comparing nominal dollar amounts is an easy way to fool the rubes but is either meaningless or grossly misleading as an economic measure. Please adjust for a) inflation and b) the decline of the dollar.
East Ghost | 08.08.08 - 5:25 am | #