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Old 9th September 2003, 06:35 PM   #21 (permalink)
quante981
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Default Bus Proposal by Mayor


"Jerry Okamura" <okamuraj005@hawaii.> wrote in message
news:<1063122608-sch@news.lava.net>...
> <quante981@m> wrote in message
> news:1063069513-sch@news.lava.net...
> >
> >
> > How they can see 3 years down the road and say they won't have enough
> > funds is mind boggling. The economists can barely predict how much
> > money the government will have 6 months ahead.

>
> And pray tell, how then do they plan for the future, because State spending
> will increase regardless of what the revenue stream looks like in the
> future.


You mention that "State spending will increase regardless of what the
revenue stream looks like in the future". So what. Don't revenues
always increase? Has government had less revenues in following years
excluding one time accounting ploys or economic shocks?

In practice if you have been a part of any budgeting process in any
organization whether in government or private sector you know that the
out year estimates for expenses and revenues are best guesses and
something to refine as the budget cycle and period gets closer.



 
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Old 10th September 2003, 12:05 AM   #22 (permalink)
Jerry Okamura
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Default Bus Proposal by Mayor



<quante981@m> wrote in message
news:1063146901-sch@news.lava.net...
>
> "Jerry Okamura" <okamuraj005@hawaii.> wrote in message
> news:<1063122608-sch@news.lava.net>...
> > <quante981@m> wrote in message
> > news:1063069513-sch@news.lava.net...
> > >
> > >
> > > How they can see 3 years down the road and say they won't have enough
> > > funds is mind boggling. The economists can barely predict how much
> > > money the government will have 6 months ahead.

> >
> > And pray tell, how then do they plan for the future, because State

spending
> > will increase regardless of what the revenue stream looks like in the
> > future.

>
> You mention that "State spending will increase regardless of what the
> revenue stream looks like in the future". So what. Don't revenues
> always increase?


Yep.
>
> In practice if you have been a part of any budgeting process in any
> organization whether in government or private sector you know that the
> out year estimates for expenses and revenues are best guesses and
> something to refine as the budget cycle and period gets closer.
>

Yep. But that does not mean you make the best guess you can about what that
future has in store.

 
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