Hmm RC, Let’s not start comparing bus expenses from different years, shall we? We don’t know what happened to the price of buses from year to year or if they had the same features. I mean, if what you are saying is true I’d have a choice of paying $1500 today for a new TV or $400 for the next three years. Less money and I get to finance, why would anyone every buy outright! Sounds too good to be true and I want a free lunch too!
Let’s take a look at what happened this year, same bus features, same year, etc. I don’t have the figures in front of me so forgive me if I get something wrong. So our original budget the bus was $75,000 (less than your 07/08 bus figure, is something fishy there?). So instead we shaved $48,000 off the budget by going into a three year lease. So let’s see $75,000 – $48,000 (the savings we get this year for leasing) gives a per year cost of $27,000 for the lease. Three years that makes it $27,000 X 3 or $81,000. Now that’s a leasing company that’s going to say in business, its almost as if (gasp) they want to make some money for financing the purchase.
BTW, any increase in the budget due to transportation increases does not go solely to the BOE in subsequent years, the town gets a slice of that pie too. A bad thing if those expenses stay around year over year. Not a good design.
As far as your statement, “Actually only $2,000 will be cut as the BOE is not LOSING anything with the $48,000 portion of the cut/reduction. They will still get those buses. It’s a beautiful thing.” … are you kidding me? Read the rest of this entry »







