“Other readers also suggested that I put the amount in the context of the city budget. $1 billion is actually the amount of the general fund from which any $15 an hour pay increase will come. The other $3.4 billion is in City Light and SPU [Seattle Public Utilities] revenues—utilities that get their money from rate payers and are operated as independent business lines.”
In broader terms, when you’re calculating a fraction it’s important to get the denominator right. This is another major piece of making budget figures meaningful.
With an estimated $1 million price tag for the minimum wage increase, or $1.5 million if summer youth programs are included, that still makes the proportion of the available budget 0.1 percent, or 0.15 percent with the youth programs. This does not include any effects of bumping up pay levels that were close to the new minimum wage. On the other hand, neither does it include potential increases in city revenues from the multiplier effects of the wage increases.
In any case, it still appears overall that the raises will have a very small impact on the city budget.
- Tracing War Missing Still a Dangerous Quest in Sri Lanka
- The Lesser Sex
- Increased regional cooperation – Promising prospects in troubling times
- Not our kids
- Ships Bring Your Coffee, Snack and TV Set, But Also Pests and Diseases
- The Chinese trail
- Drug killings an international issue now
- Smart Technologies Key to Youth Involvement in Agriculture
- Concern over Profit-Oriented Approach to Biodiversity in Latin America
- US, EU Accused of Paying Lip Service to Global Arms Treaty