Needs to be spread.
Use it or lose it
“California’s parks system stashed away nearly $54 million even as it was cutting services and threatening to close parks, a revelation that prompted the resignation of the department’s director Friday.
“The hoarded cash remained untapped while the California Department of Parks and Recreation painted a dire picture of the system’s health, soliciting hundreds of thousands of dollars in donations in what was thought to be a desperate scramble to keep facilities open.” — California parks department finds $54-million surplus
As the fiscal year ends, any government manager with a surplus rushes to spend it, because if he doesn’t it will be taken away from him. Taken away and given back to the tax payers? Of course not. The money will be reallocated: given to another manager across the hall who has used up his budget. This is generally recognized as a perverse incentive and…
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