City manager Penachetti confirms Fords billion dollar savings claim exaggerates by nearly 200%: What Ford can claim is about $350 million in savings. An easy way to figure that out is this: During the Miller years the city had to constantly depend on about $350 million in all kinds of surplus and reserve funds; under Ford, that dependence has disappeared. The savings the mayor can take credit for is the $350 million. You cannot deny him that, Pennachetti said. But to pick a number of a billion dollars in tax savings—that’s stretching things..
Posted on: Sat, 29 Mar 2014 15:40:57 +0000
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