Monday, May 19, 2008

Just slightly Inconsistent

The Times Picayune Saturday:
An ordinance introduced Thursday by Councilwoman Jackie Clarkson would call an Oct. 4election on a proposal to guarantee that the inspector general's office would receive at least three-quarters of 1 percent of the city's general fund operating budget each year.

As passed by the council last fall, the city's 2008 general fund budget, the budget covering day-to-day governmental operations under the city's direct control, amounted to about $467 million.

The Picayune in March:
The new round of discretionary raises for executive staffers -- at a total cost of $100,000 per year -- are a proverbial drop in the bucket in a municipality with a 2008 operating budget of $972 million.

The $500M difference is no mystery:
The $972 million operating budget, the largest in history, is inflated by more than $500 million in mostly federal and state grants earmarked to rebuild and repair streets and public buildings.

But, I was shocked that Gordon Russell, of all people, was the author of the second quote. Form your own thoughts, I'll post my usual carefully considered opinion angry rant tomorrow night.

This comment has been removed by the author.
Didn't want you to miss the Cunning Realist's response to your Volcker comment at YRHT.

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