Cincinnati Mayor Mark Mallory said today that predictions of a $40 million deficit next year shouldn't prompt talk of layoffs."Who knows what the number will actually be?" he said. "The number is a projection. We get forecasts all the time."
He was in Las Vegas at a conference of the International Shopping Center earlier this week when council members learned from Finance Director Joe Gray that the city was already stuck with a $7.7 million deficit for this year and was looking at the $40 million if something isn't done. City Manager Milton Dohoney has directed all departments to let him know how they could cut 5 percent from their budgets this year.
Yeah, don't sweat a $40 million dollar deficit; it's only a projection.
Here's my projection. It will end up worse.
Do liberals live in fairy land?
Article here
3 comments:
Could Mallory be any clearer? He's basically admitting that he's running the city on hope.
This is classic:
"Who knows what the number will actually be?" he said. "The number is a projection. We get forecasts all the time."
So Mark, have those forecasts been accurate? Do you use them? According to your own words the forecasts must just be for show.
Let me tell you here in the business world we use forecast models all the time. And if we see a $7.7M loss for the past FY and a forecast that shows a $40M loss for the next year we do something.
In the private sector if a manager facing a $40M loss gets in a board meeting and says "My plan is that I'm really hoping hard that things will get better.", he would be fired on the spot.
That's the difference between the private sector and government. That and the fact that the more incompetant the government is the more they claim to need to grow.
C'mon #2
It's only a projection. We all know that the economy is going to turn around tomorrow with all these shovel ready projects.
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