As gasoline soars past the $4-a-gallon mark, police chiefs in towns and cities across the country are ordering their officers out of the car and onto their feet in a budgetary scramble.
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Chief Jones budgeted about $60,000 for fuel in the fiscal year that ended last month; the department spent $94,000. This year, he budgeted $163,000 — a large line item in a budget of $3.8 million.
The Houston Police Department exceeded its gasoline budget of $8.7 million last year and expects to spend $11.3 million this year. San Diego, which budgets fuel costs citywide, already expects to exceed its budget for the fiscal year that started July 1 by $1.5 million.
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Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Sunday, July 20, 2008
$4 Oil: Police Patrol on Foot
Another story of high oil price altering people's behaviors (source: NY Times)
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