he has already begun the process of meeting with bob crawford rather than the lives to get feedback into the budget process. at very high level, next fiscal year, predictions -- projections, on the revenue side, as the seven previous meetings, we continue to see local tax revenue improvement in all our tax revenue sources. that is being offset by the loss of on the ballot that we use in the current year budget, other one-time revenues, as well as reductions in state and federal funding. on the expenditure side, we continue to see increases in our personnel-related costs. we are assuming the loss of one time savings, reductions in our capital budget that were used in the current year to balance the budget. at the high level, good news on the revenue side of 75 loss of one time revenue. the big problem continues to be on the expenditure side. this is the bottom line for fy12, 13. predicting $52.7 million shortfall. for the following year, 13, 14, a shortfall of three of $75.3 million. this is the first time we're doing a two-year projections. the second year number is a cumulative number.

crawford, norah o'donnell, nancy cordes, and political director john dickerson. this is "face the nation." captioning sponsored by cbs from washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. and welcome to "face the nation." key players from both sides in the campaign with us this morning at the table. reince preibus who is the republican national committee chairman and then we will also be talking to robert gibbs who is now a top consultant to the president's re-election campaign. mr. chairman, a brand new des moines register iowa poll is out. newt gingrich has now jumped into the lead with 25%. congressman ron paul is now running second. he has 18%. mitt romney follows with 16% and congresswoman michele bachmann and former candidate herman cain got 8% and the rest of the field is behind them. and that poll, mr. chairman, of course, was before herman cain announced yesterday that he was dropping out. i guess it showed what we all suspected. that is, the campaign was actually imploding. now he's gone. were his problems becoming a distraction that took attention away from the other candidates? >> well, i don't know if they t