Less Revenue means Less Spending: Time to Cut the Budget

No one is immune from the recession.  Prudent fiscal policies dictate that expenditures should decline as revenues have declined.

Harvard gets it: The New York Times reports that Harvard that the Faculty of Arts and Sciences cut $75 million from its budget. Student services including shuttle bus service, team sports and breakfast menus are affected. See the full NY Times article. 

Greenburgh gets it:   ” Supervisor Paul Feiner will be meeting with all employees at Town Hall, the highway/sanitation/repair shop/police department/water department, Theodore Young Community Center , Parks department and Library prior to the submission of the 2010 budget to obtain feedback re: ways to cut costs.  Sales tax revenue is down significantly (almost 10%), mortgage tax revenue is down by $1.2 million. Grievances that were filed resulted in a loss of almost $8 million dollars. To offset these revenue reductions, we need to make cuts in the 2010 budget.”

Now, the question is: does the leadership of the Hastings schools get it?

What do you think?  Click on the comment button below to share your thoughts. 

Posted by Jane Cody