Archive for September 8th, 2016

How Government Mistakes “Balloon into Sizable Money”


Thursday September 8th, 2016   •   Posted by K. Lloyd Billingsley at 10:28am PST   •   0 Comments

Last year an independent audit revealed that the City of Sacramento, California’s capital, had overpaid city retirees by $2.8 million. The overpayments, which had been going on since 2005, prompted the Sacramento Bee to editorialize that “a mistake can balloon into sizable money,” citing a $60 million gap between projected payouts and expected revenue...
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