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But he faced a more challenging task to promise to balance the budget by decade's end than he did last year because the CBO projects lagging revenue estimates.
Despite millions of dollars in county subsidies each year, it faced repeated deficits while contending with rising health care costs and lagging revenue, against a backdrop of political infighting and complaints of mismanagement.
In recent earnings reports from the major media companies, like Viacom and Time Warner, executives mentioned the downturn in the auto industry as one reason for lagging revenue at cable networks and magazines.
That better-than-expected growth contrasted with the lagging revenue reported earlier this year at the biggest United States lenders, including Bank of America and JPMorgan Chase, which are to report second-quarter results next month.
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The state comptroller, Nancy Wyman, has announced that the estimated 2004 state budget deficit has risen to $84.8 million, attributable mainly to lagging revenues from the tax on corporate profits.
In three interviews with The Times since late April, Mr. Trump acknowledged in general terms that high debt and lagging revenues had plagued his casinos.
The increase comes as officials look for a way to offset lagging revenues, complicated by increased security costs since the Sept. 11 attacks, and to help pay for an earthquake retrofitting.
And the strain shows itself in new deficit projections, already hobbled by lagging revenues due to the weak economy.
Second, we used lagged revenue; i.e. the revenue variable is measured one year ahead of the Caesarean section rate.
This was done by using fixed effects for hospitals, a lagged revenue variable and by including an extensive set of control variables for the risk factors of the mother and the baby.
The challenges, which also face most other newspapers, are lagging advertising revenue and the transition to the Web.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com