“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.
- June Election Offers Asia-Pacific a Chance for Greater Influence in ICC
- Opinion: Goals for Gender Equality Are Not a ‘Wish List’ – They Are a ‘To Do List’
- Reporting on Violence in Mexico Brings Its Own Perils
- Rousseff’s Brazil – No Country for the Landless
- From the Police Station Back to the Hellhole: System Failing India’s Domestic Violence Survivors
- Opinion: The Middle East and Perpetual War
- Opinion: Europe Under Merkel’s (Informal) Leadership
- Gazan Fishermen Dying to Survive
- WHO Releases New Syringe Safety Policy to Prevent Disease
- Study Shows Shift in Level of Social Hostility Involving Religion