This week, the Chillida family announced that the museum will close on 1 January because of the "recurring deficit due to the general economic crisis, which has risen to a level unsustainable for the private institution".
Instead, it voted without dissent to invoke a Depression-era state law that allows the state to assume supervision of cities that demonstrate a high level of mismanagement, including recurring deficits, and that fail to fully collect taxes because of that mismanagement.
At diners, firehouses, town squares and a crawfish festival, they promised swift, bold changes in a financial crisis marked by choking debt, recurring deficits and grim choices between cutting services and raising taxes.
But even if every political hack were somehow winkled out of the public payroll, Governor Forrester (let's just presume for a moment) would start each year with a huge built-in deficit, even assuming the recurring deficits that have so bedeviled the State House recently do not recur.
Recurring deficits and slumping polls dissuaded Mr. Gulotta from seeking re-election.
Instead, the county's economic future is clouded by its recurring deficits and falling credit rating.
With tax investigations, disgruntled musicians and recurring deficits, the orchestra business may be forced to re-examine its strategies.
All health bodies in Scotland met their financial targets, but 10 out of 14 NHS boards have reported underlying recurring deficits, Scotland's spending watchdog has said.
Government borrowing, in order to finance recurring deficits or wars, is so substantial that budgetary policy has important effects on capital markets and on interest and credit generally.
Nassau's recurring deficits, fueled by the tax refunds and other fiscal blunders, prompted the state in 2000 to impose an oversight panel to monitor the county and even take over its finances if necessary.
Mr. Suozzi, a Democrat, was elected in this fabled Republican stronghold last November after years of county fiscal mismanagement marked by recurring deficits, enormous debt and near junk bond ratings.
