Economics

 

For your discussion this week, I want you to consider a project or program within your community that failed to meet budgeted expectations. This could be a capital project that went well over budget, a new program that failed to meet expectations for the money spent, a project initiated by a special form of revenue (such as a SPLOST project), etc. If you are unaware of any such projects, you may want to do a little research through your online newspaper articles, or select a project from another community (even one that is current). Once you have thought about a project, you should write your discussion post describing the project and address some or all of the following:

1. Was the budgeted level of expenditure reasonable for the program or project? Was the projected level of revenue to pay for the program/project reasonable, i.e. did it materialize as predicted?

2. What has been the community response to the project? Has it been embraced despite going over budget, or has it been considered a boondoggle?

3. What efforts could the local government have undertaken to ensure the success of the program (if it has been a failure) or have the project meet budgeted expectations?

4. Was enough information provided to the public regarding the program, special revenue, project to allow for reasoned, informed input regarding the budgeting process?

Don’t forget to comment on other student postings as well – and if you find yourself stuck regarding your local community, you can use another community. That said, you will probably find the discussion easier (and more informed) if you can select a project or program with which you are already familiar.