"It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage, than the creation of a new system. For the initiator has the enmity of all who would profit by the preservation of the old institutions and merely lukewarm defenders in those who would gain by the new ones." Machiavelli
Where's the impending doom? I was saving up for 30%By AlfredMoisiu, Section Diaries
First let me get this over with by bringing it up right in front:
- According to the TU, several Albany police officers, a judge and some DA staff purchased machine guns. They didn't pay taxes on these sales.
So the 2009 budget is in. Taxes will increase 5.5%, about the rate of inflation.
They haven't laid anyone off, so after Jennings wins the 2009 election, they'll be able to lay people off and cut the budget further. Forecloseures, late payment of fees (water, garbage, etc) is probably up, and tax delinquincy is probably going up -- but the county is forced to make the city whole. That's not to say that everything isn't peachy... losing $4-5 million of dump revenue is 5% of the budget, and shipping out trash is probably expensive. Inflation is probably going to be in the 7-10% range next year ( Fed loans are euphemisms for "printing money", so the next round of police/fire raises will probably be in the 5-9% range, thanks to mandatory binding arbritration And then you have the school district, with half empty schools and declining aid. Not very good news either. But none of this amounts to two back to back 30% tax increases. Time to sharpen the pencils.
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Related Links+ rate of inflation+ Fed loans are euphemisms for "printing money" + AlfredMoisiu's Diary |