Thursday, March 12, 2009
“A budget tells us what we can't afford,
but it doesn't keep us from buying it.” Aint that the truth.
By now you likely know that Morrisville's $23M budget has a $2.8M hole. No surprise, really. Times are tough all over and all but a handful of Morrisville's approved projects have stalled. Revenue from development is down, surplus property expected to be sold wasn't, interest income is off. What's surprising..... it's March. April 1st begins the town's fiscal year 4th quarter. A bit late in the year to plug a 12% hole. But staff has a budget reduction plan that was briefed to the council on 3/10. It's a good starting point.
Oddly enough.... on that same night, council was to discuss creating a philanthropic community foundation, spending an unbudgeted $270k to renovate the historic Pugh house and doling out $110k for a Main St consultant. Makes your 'Tis blogger wonder about the logic..... and the timing.
A decision is likely on the budget reduction on 3/24. Here's hoping our elected officials will cut where necessary and keep what's essential, including the $4,000 budgeted for employee recognition. Return less to the general fund if need be on that line item.
And at the risk of rubbing salt in a wound.... fix the broken reporting mechanism that kept the revenue shortfall obscured until now. And for heaven's sake - apply some common sense before considering new spending proposals.
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