Word: budgeting
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Dates: during 2000-2000
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Governor A. Paul Cellucci demanded Kerasiotes' resignation after a stinging federal report criticized the Big Dig chief. The Federal Highway Administration accused Kerasiotes of "intentionally withholding knowledge" of budget overruns and breaching the integrity of the federal/state highway development partnership. In addition to recommending that more financial accountability rest at the federal level, the report designated the turnpike authority and the Massachusetts Highway Department as "high-risk" agencies, a slap in the face to a governor who routinely touts his fiscal prudence...
Kerasiotes will be replaced by Andrew S. Natsios, Cellucci's former administration and finance secretary. Natsios is a budget hawk; he has been responsible for developing and implementing the state's spending plans over the past several years. If anyone is prepared to take over as mammoth a project as the Big Dig, it is Natsios...
...Kerasiotes committed a cardinal sin of public management: he considered his own interests before those of the public to whom he was responsible. Rather than admit that he could not hold the Big Dig to budget, Kerasiotes chose to hide the overruns in the vain hope that he could find some way to bring the project to the black. Eventually he became desperate in his attempts to hold onto his job and turned to dishonest financial reporting...
...most states to April 17). Yet, although the mayhem of tax day seems to belie the facts, data complied by Syracuse University Researches indicates that those lines are probably getting shorter--and it's not because taxpayers are becoming any more punctual. Congressional defunding of the IRS' auditing budget, combined with a dwindling staff and a series of complex new regulations enacted by the IRS Restructuring and Reform Act of 1998 have led to decreases in auditing and less enforcement of penalties for delinquent taxpayers. It's a cheater's dream come true...
...monitoring standards, and--perhaps most importantly--refund research cut in 1995 aimed at determining which tax sectors most need to be audited. (Because of the cuts, the IRS now conducts its audits based on eleven year old data.) If they cannot find more funding, Congress should reallocate the IRS' budget to fund these projects and spend less time chasing after small-time tax evaders...