Government Math

From Economist.com, an example of government inability to perform basic mathematics when budgets are involved:
“The office of Chicago’s mayor, Richard Daley, has released a preliminary budget of $5.6 billion for 2008—which would leave the city with a $218m funding gap. One reason for the shortfall is the slump in the property market, which has resulted in lower-than-expected tax revenues. City councillors fear this may force Mr Daley to renege on his re-election-campaign promise to stop increasing property taxes. Alternatively the city might close the gap with a combination of spending cuts, other tax increases (on cigarettes, perhaps) and layoffs of city employees.”

One Response to “Government Math”

  1. Gosh,why not decide what functions government really needs to do[core functions] and reduce down to that level. One rule: if it is listed in the phone book with private companies doing it why should government do it?

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