Word: budgeting
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Harvard has rightly targeted outsourced custodial labor as a sector of the operational budget that can be cut. One Source, a contractor company that cleans properties operated by Harvard Real Estate Services, has been asked to cut costs by 30 to 40 percent. American Clean Company, a contractor that services the Harvard Medical School, has been requested by HMS custodial directors to eliminate 13 of its 27 workers. These reductions do not seem unreasonably drastic compared to the layoffs occurring outside of Harvard. Economic recession inevitably affects jobs...
Beck argues that when you're facing a budget shortfall in the billions, the extra revenue from an added day of alcohol sales is just a drop in the bucket. His opponents, however, insist it is significant. "At least it's a drop," says Georgia Senator Seth Harp, who introduced a bill proposing local referendums on Sunday sales. "Maybe it's even a cup full. But right now, I'd like to have a couple of cups full than nothing at all." (See what businesses are doing well despite the recession...
...everyone is devastated by the budget's fine print. It includes tax breaks for large corporations, film companies that keep production in-state, buyers of new homes and small businesses that hire new employees. "The state was about to go over a cliff," says Allan Zaremberg, president and chief executive officer of the California Chamber of Commerce. "No tax in a recession is a good tax. But I think the legislature and the governor went out of way to spread taxes by as many Californians and businesses as possible so the impact would not hurt any one industry...
Despite the handshakes and smiles yesterday in Sacramento, the budget crisis is far from over - and the state could be in for a serious citizen backlash over the next few months. In California, tax revenue enhancements must be voted on in a special election. On May 19, voters will determine the fate of $5.8 billion in measures, which also include a permanent state spending cap (which would extend the tax hikes from two to four years) and whether or not to divert money from children's services, mental health programs and the lottery into state coffers...
...will not want to go along with keeping the taxes, and they could vote them out if they don't vote for the spending cap," says Tony Quinn, GOP policy analyst and co-editor of the California Target Book. "Most are in favor of a spending cap because the budget is out of balance, but nevertheless, there's no certainty that will pass. This is a continuation of the political battle...