A reader named Karen forwarded me the spreadsheet below where she compares the 2009/10 budget against what the city is forecasting for 2012/13. Since it’s just a proposed budget, it’s not 100% accurate, but Karen points out that it’s unsustainable the way it stands. As she plainly puts it, “very, very scary, right?” Of course, it’s hard to completely spell doom without knowing what the income will be, since this just shows expenses only. The city is working hard behind the scenes thinking of creative ways in bringing in more revenue, which will hopefully balance everything. Can the city do it? Only time will tell. By the looks of this spreadsheet, one thing is definitely clear: retirement is crazy!!
Please Note: The numbers are in millions. For example, Fire Protection is budgeted for $3,932,030 and not the bargin price of $3,932 that you might
wish think it is.
Information is from the Proposed Annual Budget for Fiscal Year July 1st, 2012 – June 30th, 2013.
(click to enlarge or view PDF: COMPARISON- ’09-’10 TO ’12-’13)