A Look At The Financials of Major Cities
In an effort to discover the underlying workings of cities I have gone through the financials of a wide variety of cities to discover some interesting patterns.
by Quinton on March 22nd, 2013
Let me first state, my goal is to develop a city that really provides nothing. The only reason there is a need for a city is because within the current framework of our world I think it would be much easier to start a free society with property you own as opposed to property owned by the state. The goal of a city is to allow for a free society to develop. The city doesn't need to provide anything. All services can be provided privately through the free market. On to the numbers...
Cities
The cities I am looking at are:
Boston, MA http://www.cityofboston.gov/Images_Documents/CityBoston-CAFR-612_tcm3-35...
Phoenix, AZ http://phoenix.gov/webcms/groups/internet/@inter/@dept/@fin/documents/web_content/092464.pdf
Ottawa, ON https://ottawa.ca/sites/ottawa.ca/files/migrated/files/cap214801.pdf
Scottsdale, AZ http://www.scottsdaleaz.gov/Assets/Public+Website/finance/Archive/FY+201...
New York City, NY http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/CAFR2012.pdf
Los Angeles, CA http://contact.lacity.org/controller/LACITYP_024494.pdf
Las Vegas, NV http://www.lasvegasnevada.gov/files/FY2012_CLV_CAFR.pdf
Frankfort, KY
Each city is picked for a specific reason. I am trying to have a variety of different types.
Boston, MA 2012
Here are the numbers for Boston, MA.
Revenue
| Item | Cost |
|---|---|
| Taxes: | $1,841,355 |
| Operating Grants: | $574,653 |
| Charges for services: | $210,260 |
| Grants not restricted: | $188,895 |
| Capital grants: | $35,337 |
| Investment: | $13,575 |
| Misc: | $7,084 |
| Total: | $2,871,159 |
So check this out. The greatest source of revenue is taxes. If you read through their document you will find that over 1/2 of their tax revenue comes from property tax. I find that very interesting. Property tax generates over 1/2 of all the revenue for Boston.
Expenses
| Item | Cost |
|---|---|
| Schools: | $1,369,047 |
| Public safety: | $817,768 |
| Property and dev: | $114,753 |
| Public works: | $110,187 |
| General gov: | $108,499 |
| Public health: | $73,975 |
| Human services: | $48,103 |
| Library: | $44,526 |
| Interest on debt: | $39,798 |
| Parks and rec: | $34,651 |
| Hospital: | $2,523 |
| Convention center: | $0 |
| Total: | $2,763,830 |
Moving on to expenses you will find that schools is the greatest expense. Right off the bat you can wipe that out in a free society. That can be handled privately. #2 is public safety, which is police and prisons and things of this nature. Again, this can all be handled privately. In fact, if you look at everything in here it can be handled privately except, perhaps, general government. Let me explain...
Phoenix, AZ 2012
Revenue
| Item | Cost |
|---|---|
| Charges for services: | $1,266,544 |
| Excise taxes: | $722,998 |
| Operating grants: | $358,692 |
| Grants not restricted: | $297,342 |
| Capital grants: | $274,168 |
| Other taxes: | $221,390 |
| Other: | $92,653 |
| Total: | $3,233,787 |
Expenses
| Item | Cost |
|---|---|
| Public safety: | $850,636 |
| Aviation: | $435,675 |
| Transportation: | $421,680 |
| Water services: | $361,751 |
| Community enrichment: | $245,713 |
| Community Dev: | $218,847 |
| Wastewater services: | $178,258 |
| Solid waste: | $133,414 |
| Interest on debt: | $109,412 |
| Phoenix Convention Center: | $103,420 |
| General gov: | $88,178 |
| Environmental services: | $42,326 |
| Criminal justice: | $36,345 |
| Golf courses: | $8,879 |
| Total: | $3,233,892 |
New York City, NY 2012
Revenue
| Item | Cost |
|---|---|
| Taxes: | $41,982,497 |
| Operating grants: | $18,768,706 |
| Charges for services: | $4,600,078 |
| Other: | $980,491 |
| Other Fed and state aid: | $730,310 |
| Capital grants: | $594,313 |
| Investment income: | $117,608 |
| Total: | $67,774,003 |
Expenses
| Item | Cost |
|---|---|
| Education: | $24,957,901 |
| Public safety & judicial: | $17,077,117 |
| Social services: | $14,181,836 |
| General gov: | $4,101,933 |
| Environmental protection: | $3,456,151 |
| Debt interest: | $2,931,953 |
| Transportation: | $2,536,846 |
| Health: | $2,419,857 |
| Parks & Rec: | $1,077,230 |
| Housing: | $1,327,674 |
| City University: | $954,590 |
| Libraries: | $243,470 |
| Total: | $75,266,558 |
===========
Okay, so a city is really just a business with multiple people running it. There is a big distinction that needs to be made with the way we run cities right now. Decisions in cities right now are handled by residents who vote for people to represent them. When we want something done in a city we try to get involved by electing people to do certain things. In a business the way things get done is people spend their money on things that they like. What I'm trying to say is that a business gets their votes from money while a city gets their votes not from money, but from people speaking. [move to own blog post]
So we are probably going to need
Filed under: Location, City8 Comments
Login / Join
Site Statistics
146
536
3,132
By looking at some of the mentioned cities, its look like new york city is financially strong as compare to other cities. As a writer at Cheap Paper Writing Services , I will research more about it and write a blog on it.
Some cities which have been the uncontested pioneers in the past are presently confronting firm rivalry from the current players as well as the rising and energetic contestants. The rundown above is characteristic of where the major money related focuses are found assignment help uk and there are numerous other. The business condition over the globe is enhancing and thriving, there is advancement and growth.
wedding video editing
I think that there is nothing about it that you can't control and it is related to best www.esssayontime.com. I've seen many people talking about it and they all say the same thing.
Certain cities that have been the undisputed pioneers of the past are currently facing firm competition from current players and rising and energetic entrants and pay someone to do your assignment. The above narrative is where the main fund-related focus is found and has many other characteristics. The global business situation is strengthening and prospering, with progress and growth.
Well these are the cities which are more like countries financial every sort of thing mentioned is different and the dynamics of it is very much different I would love to see some progressive things coming for me like that coursework writing have been ideally helping me here hope to see some more of the details like these here more often as the survey went great.
Engineering as a subject combines mathematics, logic and science to find solutions to our daily life problems. Over the last few decades, engineering as a profession has seen vast expansion.
Best engineering college in Punjab
Top Engineering college in Chandigarh
Best Civil Engineering college in Punjab
Our academic pursuits, along with a range of extracurricular activities, help in honing a child's skills and ensuring that he/she grows to be a mature and responsible citizen.
top cbse school in greater noida
Secure school in greater noida