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Surplus, Cushion, or Neither

October 19, 2011
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Some people have called the fact that San Jose will have 9 million dollars more than anticipated a “surplus.” Having this money will allow the city to avoid layoffs and add funding for libraries, as well as anti-gang programs this coming fiscal year. The mayor has called it a 1-percent cushion, because this money came about from last year’s budget action oflayoffs and across-the-board pay cuts for all employees.

Having enough money to provide some services does not equate to a “surplus” or a “cushion,” in my opinion. For an analogy, I picture a family with a limited amount money and needing to make certain choices in order to save their house. The family might start off with no longer going out to eat, conserving water and electricity, trimming the food budget even for home cooked meals, prolonging car/house repairs, and avoiding discretionary purchases. But, still their situation gets worse, so maybe they choose to refinance the mortgage and stretch out the term of the loan to lower monthly payments.

The family may pray for better days ahead to make up for the more money they must allocate t

Categories: Economics

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