by elizabeth farina
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In a word, “budget” describes 2009. Whether in national, state, and local governments; businesses; or even households, many had their eyes focused on the bottom line and on the gaping differences between revenue and expenditures.

For many, this wasn’t done out of choice. Many people had to zero in and cut out excesses, even carving into the bone to meet necessities. It was a matter of survival.

On the national level, the word “budget” has been tossed about like it refers to a simple product at a grocery store rather referring to the exponential trillions of dollars for programs now adding to our nation’s deficit.

With the excessive spending and limited transparency, the gluttony on Capitol Hill leaves many questioning the monetary judgment of national leaders in executive and congressional seats. All government services require tax dollars. That revenue comes from a key source: working people. It’s that simple.

Unlike the federal government, which seems to have had panache for printing and borrowing its way through the present economic crisis, state and local governments are legally required to balance their budgets.

Virginia is facing a tough haul through its upcoming General Assembly session, which starts in January. The difference from last year, where budget and transportation dominated committee conversations, is that a newly elected administration will be tackling the $1.5-billion dollar shortfall. There is a desire for accountability in accounting practices rather than tired political policies and empty promises. Maybe – one hopes – there will be a fresh approach from new leadership that can explain and execute a better financial plan rather than opine exhausted excuses.

Regarding the state budget, which does impact the services of localities such as Chesterfield, many residents will have to rethink what services can be offered. We cannot expect conveniences if we are not willing or able to pay a higher tax base. It is a simple concept that many have learned the hard way this year: if one cannot pay for particular goods and services, one must do without.

However, what if several government services can be better performed through the private sector? What a great way to build back the lost job opportunities as well as gain tax revenue. Public officials cannot be afraid to make tough budgetary decisions in closing departments (i.e. cutting jobs) in order to make fiscal progress. It’s not easy, nor should it be easy, but it is necessary as businesses have already shown in their 2009 budget discussions and downsizing.
It’s been a lean, mean year for many industries and services in 2009. Even with the demise of several corporate headquarters, our area continues to see strong support for local businesses.

Hopefully that means local businesses will see a less tumultuous fiscal year 2010.

And it has been a tough, frustrating year for job seekers, a fact that impacted not only household budgets but also had a ripple effect through the region. It’s emotionally draining as well as financially draining for everyone, even for households that didn’t experience job loss. It was a year of reconciling the difference between wants and needs. A drop in household spending has shown the overwhelming theme for many in 2009: don’t spend it, even if you got it.

Here’s to 2010 – may the coming year be one marked with revitalization and growth for all.