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« Brother [taxpayer], can you spare a dime [50K]? | Main | OK, I'm late.... »

Budget Season is about to start

There is a word that engineers use a lot when confounded by a situation, or when things aren't quite going right, or when they believe the scenario placed into their lap is going to require rational thinking, a bit of luck, and lots of unpaid overtime.

That word is "interesting"

I think that may be the operative word going into our analysis, information gathering, decision making, and presentations (did I forget a bit of politicking?).  

Anyways, as we start to review the budget, keep the following in mind; from InflationData.com:

Current Inflation Rate
YearJanFebMarAprMayJunJulAugSepOctNovDecAve
20072.08%2.42%2.78%2.57%2.69%2.69%2.36%1.97%2.76%    
20063.99%3.60%3.36%3.55%4.17%4.32%4.15%3.82%2.06%1.31%1.97%2.54%3.24%
20052.97%3.01%3.15%3.51%2.80%2.53%3.17%3.64%4.69%4.35%3.46%3.42%3.39%
20041.93%1.69%1.74%2.29%3.05%3.27%2.99%2.65%2.54%3.19%3.52%3.26%2.68%
20032.60%2.98%3.02%2.22%2.06%2.11%2.11%2.16%2.32%2.04%1.77%1.88%2.27%
20021.14%1.14%1.48%1.64%1.18%1.07%1.46%1.80%1.51%2.03%2.20%2.38%1.59%
20013.73%3.53%2.92%3.27%3.62%3.25%2.72%2.72%2.65%2.13%1.90%1.55%2.83%
20002.74%3.22%3.76%3.07%3.19%3.73%3.66%3.41%3.45%3.45%3.45%3.39%3.38%
Get more Historical Data from InflationData.com

 

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Comments

What does the CPI tell you about what municipalities purchase?

Hi Mike,
You have it exactly backwards - it isn't what the municipalities have to face in buying what they do. Rather, I put this up to show what Joe Taxpayer is facing for inflation rates BEFORE he plunks down his money to pay for taxes. That's the real concern.

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