IN A TIGHT BUDGET YEAR, IT'S SMART TO THINK SMALL (2024)

Published Jan. 17, 2010|Updated Jan. 19, 2010

Think small.

It could be the Hernando County motto for 2010.

Gathered in a goal-setting session last week, Hernando commissioners focused their attention on topics for the coming year and three of the top eight concerns dealt with county workers: morale, safety and training.

Clearly, human resources are vital to and a top strength of any organization. Well-trained workers and those promoted to supervisory roles increase productivity and reduce the potential for liability. They deserve a safe work environment. But don't expect morale to improve significantly until the county has the ability not just to preserve jobs, but to financially reward performance.

That brings us to the commission's top concern so accurately characterized by Commissioner David Russell as the 600-pound gorilla: the county budget. It is forecast at a $4.4 million deficit for next year even with $3 million added to the revenue ledger from reserve accounts.

It's the reason for the focus on remaining initiatives: consolidated services, streamlined permitting and new business development. Greater government efficiency and an expanded tax base will be required to dig Hernando out of the budget doldrums brought on by a crashing real estate market, reduced property values, increased tax exemptions and recession-driven declines in sales and other tax receipts.

Okay, so maybe you have to think small when a 600-pound gorilla is squashing any big thinking.

A separate tax to pay for existing services appears dead even though County Administrator David Hamilton pointed out that $43 million, or 39 percent of the county's general fund, is tied to the Sheriff's Office and the jail.

"We obviously have a problem," agreed Russell. "The last thing in the world we need to be considering is increased revenue through increased taxes."

Well, it is an election year, you know.

But what about a tax to pay for new services? It is a suggestion from former County Commissioner Len Tria. He thinks the county should install central water and sewer in Royal Highlands and authorize a new municipal taxing district to pay for it.

Frankly, it is a big, specific idea and shouldn't be dismissed as unworkable or too risky politically. It's not even new. Tria made the same suggestion during the 2005 update to the comprehensive land use plan.

He told commissioners then, "You wouldn't let a developer do what you're allowing to be done - develop units on dirt roads with no water and no sewer."

His idea is to invest in infrastructure, business development and environmental protection and it is worthy of commission consideration as a goal for the not-too-distant future after tackling the smallness of 2010.

Nobody mentioned a timely byproduct. But, Tria's pitch, if successful, diminishes an argument from the backers of the proposed Quarry Preserve in northern Hernando. They stated their massive development is necessary - despite staff concerns of sprawl - because much of the rest of the residential land in the county is too inferior to bother counting in Hernando's housing inventory.

Four days before commissioners heard that argument from Quarry Preserve, Tria urged commissioners to consider the utility improvements for the sprawling Royal Highlands area of northwest Hernando. Doing so, he said, would head off the potential of saltwater intrusion from 14,000 homes sucking 3 million gallons of ground water each day via individual wells. That's not even counting water used for irrigation.

"I think they're looking at a ticking time bomb," Tria said later.

More to the point, an approved water and sewer system could be done in conjunction with paving the area's lime rock road network that now can only be improved on a piecemeal basis as property owners agree to a paving assessment. It would help curb the frequent complaints from residents there who grouse about the dust and feared pulmonary health risks.

Think of Tria's suggestion as a government-encouraged community development district, the financing tool now used commonly to pay for up-front infrastructure costs in a new subdivision. It would increase the value of property in Royal Highlands, improve the quality of life of existing residents and simultaneously focus new housing in an area already approved and platted for residential growth.

Encouraging growth in a suitable location. That shouldn't be such a big idea.

IN A TIGHT BUDGET YEAR, IT'S SMART TO THINK SMALL (2024)

FAQs

What does it mean to be on a tight budget? ›

idiom. : involving a relatively small amount of money for planned spending. She started her business on a small/tight/shoestring budget and could not afford to overspend.

How do you politely tell a client their budget is too low? ›

“We've analyzed your project, and we don't feel like you've allocated enough budget to accomplish your goals. There are two ways we can proceed. We could either revise the scope to create a minimum viable product, like a phase one, and then do another phase later when you have more budget.

How do you answer a budget interview question? ›

Highlight proficiency in relevant tools and detail your planning process, addressing challenges transparently. Emphasize collaborative efforts, adaptability, and alignment with organizational goals. Discuss forecasting, monitoring, and adherence to financial policies.

What is the idiom for tight budget? ›

Shoestring is a slang term used to describe a small amount of money that is not enough to cover its intended use. The term often describes the budgeting process as in "shoestring budget."

How do you say I am on a tight budget? ›

Different ways to say you don't have enough money for professional relationships:
  1. I'm feeling the pinch at the moment.
  2. I'm not sure my bank account will cope with it.
  3. My finances are tight.
  4. I'm on a tight budget.
  5. I'm not sure I can afford it.
  6. I'm in the red.
Mar 16, 2022

What is the #1 rule of budgeting? ›

Oh My Dollar! From the radio vaults, we bring you a short episode about the #1 most important thing in your budget: your values. You can't avoid looking at your budget without considering your values – no one else's budget will work for you.

What is the 60 20 20 rule? ›

Put 60% of your income towards your needs (including debts), 20% towards your wants, and 20% towards your savings.

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

What is an effective polite way to say you can t afford something? ›

I just really can't afford it right now, I hope you can understand.” “I've got some big savings goals I'm trying to kick – can we take a raincheck?” “Maybe another time? I'm saving for ___ and it's really important to me – I hope you can understand.”

How to respond to a client with a low budget? ›

Make the response personalized
  1. Acknowledge the question. As challenging as it is to answer a question about your pricing, it's important not to despair. ...
  2. Describe behind-the-scenes work. ...
  3. Showcase your expertise. ...
  4. Explore alternative pricing options. ...
  5. Don't be afraid to say no when your client asks if you can do it cheaper.
Aug 4, 2023

What is budget in one word answer? ›

A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month.

How do you respond when someone asks what your budget is? ›

Go ahead and share your budget estimate, even if it's a broad range. Cite a high- and low-end, or give a more specific figure if you're comfortable doing so. If your budget depends on a variety of factors, be open about that. What considerations will impact how much you can spend?

What is the STAR method when interviewing? ›

The STAR method is a structured manner of responding to a behavioral-based interview question by discussing the specific situation, task, action, and result of the situation you are describing.

What is a word for living on a tight budget? ›

Synonyms: penny-pinching, tight, stingy, miserly, prudent, careful, provident, chary, thrifty.

How do you stay on a tight budget? ›

11 Ways to Stick to your Budget and Jump Start your Savings
  1. Sleep on big purchases. If it's not something you need, take a week to think on it. ...
  2. Never spend more than you have. ...
  3. Stick to a lower credit card limit. ...
  4. Budget to zero. ...
  5. Try a no-spend challenge. ...
  6. Stop paying for fees. ...
  7. Plan your meals. ...
  8. Do your grocery shopping online.

What does it mean to be tight on money? ›

Definitions of tight money. noun. the economic condition in which credit is difficult to secure and interest rates are high.

How do you live comfortably on a tight budget? ›

Here are 13 tips to help you build a healthy nest egg.
  1. Focus on small changes in various budget categories. ...
  2. Automate your savings into a high-yield savings account. ...
  3. Earn interest on your checking account. ...
  4. Use those three-payday months to save more. ...
  5. Keep a budget. ...
  6. Shop around for insurance rates. ...
  7. Refinance your mortgage.
Oct 19, 2023

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