News & Views

The Washington Post reports that President Clinton has signed off on Florida state Senator Daryl Jones as Secretary of the Air Force. Jones, a 1996 Flemming Fellow, is a fighter pilot and honors graduate of the U. S. Air Force Academy.

CPA Board Member Hodding Carter III was recently appointed Chief Executive Officer of the John S. and James L. Knight Foundation, of Miami. Carter is the President of the Main Street Production Company.

State treasuries have a collective surplus of $14.2 billion, according to the Washington Post. Texas topped the list, with a $1.9 billion surplus; Minnesota came in second with $1.6 billion. On average, state surpluses as a percentage of general spending are at their highest in 17 years _ 1997 state treasury surpluses made up 7.3 percent of general spending. (Source: NCSL and the Washington Post)