Cash for Clunkers–Yeas or Nays?

MoonHowler

The Cash for Clunkers program apparently has been so successful that it is running out of money. The Senate is being asked to come up with more money for the plan which basically gives car buyers $3500 or $4500 when they purchase a new, more fuel efficient car. Sounds easy? Not so fast. There are rules. Many dealerships have rules posted. I opted for USA Today rules:

You can read a PDF of the whole thing here, but the National Highway Traffic Safety Administration basically says:

The eligible clunker has to be driveable and can’t be more than 25 years old. In the case of “very large” pickups and vans (8,500 to 10,000 pounds of gross vehicle weight), they must have been made since 2001.

The program runs through Nov. 1.

 

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Too Much Money?

MoonHowler

 

 

Now PWC suffers from too much revenue.  We just can’t win.  I have been searching for a positive kudo for Corey since coming on to this blog.  Maybe I have finally found it in the Washington Examiner. 

Just a few short months ago, Prince William County supervisors were debating solutions to what Board of Supervisors Chairman Corey Stewart described as “probably the toughest budget this board has faced in 25 years É or so.”

This week, they’ll have a different kind of “problem” to deal with — $4.5 million in general revenue funds in excess of budget estimates for the last fiscal year, which ended June 30.

Still, Stewart wasn’t kidding. The board made significant cuts across the board and raised the real property tax rate from $0.97 to $1.212 per $100 of assessed value to address a projected shortfall of nearly $200 million for fiscal 2010. But better-than-projected revenues from real estate taxes, personal property taxes and investment income helped buoy the county over revenue estimates for fiscal 2009.

Budget Director David Tyerar and Finance Director Chris Moreno will both recommend that the excess money to a general finance:  

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