My Side of the Fence

The danger isn't going too far. It's that we don't go far enough.

Page 274 of 403

Budget Status

OK, a bit more in the way of concrete info.  Given the decisions the State has made and our own internal City estimates for tax reciepts, we will be about a million dollars short in next years budget.  That number includes two very important assumptions that require some discussion: Continue reading

Have you ever heard a bullet go by?

In an interesting turn of events, the Governor has put forth a budgetary plan that will keep primary education whole and localities were mostly spared.  The folks in Richmond cut some of our Police funds and a few other pots but overall it doesn’t look like things will be that bad…this year.  We’ll still have to make some adjustments but it won’t be wholesale damage.

Next year will likely be somewhat different.  See, the Governor elected to fill the hole in this years budget by spending most/all of next years “stimulus” money in this year.  This is addition to the “stimulus” money that was already budgeted into this years budget.  That leaves an aweful hole next year so we (as a state) have just doubled-down on an economic recovery.  Let us hope that this actually happens or we’re going to be in worse shape.

I am confident that the Council will have a serious philosophical discussion about what not to do and how to save money well in advance of any serious budgetary issues.  As we saw last year, decisive action well in advance of the crisis allows leeway when the dark days arrive.

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