Budgeted revenues closer to what we think we are going to generate and be consistent with those prior year trends so we can really identify the sources that were going to designate as revenue. And then for expenditures i also show the twoyear growth and as you can see, salaries and fringe is a huge investment. Our people are obviously a critical part of how we run the waterfront and of the growth over the two years, over 2 million of it is just for salaries and fringe but its important to note that about half of that is the cost of existing staff. So salary and fringe costs are growing and of that, particularly fringe, departments are having to make higher investments in the two budget years because were still replenishing the Pension System after the recession. So after this point in time we should see a reduction in the growth in those costs. This is really just a push to replenish that system. And then as ill go into more detail, the other half of that are the staffing investments,
Studying, we are still coming together as staff but because of the budgetary process before, we put some money in there as a place holder, i dont know diane if you want to speak to any more detail as to what our thinking is so far but its pretty preliminary. So the money is set aside but before anything is done you will come back to us and tell us about it . We can. I dont know, i wasnt here for the last one so i dont know how weve done it in the past. I think generally the commission has to approve, has approved. I have three staff people giving me dirty looks so one of you come to the podium. Ill make my first contract. For the contract approval itself its 500,000 for Profession Services contract to hire an eir contract, perhaps augmented to Planning Department staff so the commission would approve the request to contract and see the scope at that time. There may be other avenues as well for commission review. But in terms of what were going to do. Im just trying to find out what use
Folks, right here. Think about that. A halo, a pitch. You put your money in or watch for warning signs . Sheila and seema have both sides of the coin today. And Timothy Geithner, the back story, folks, former treasury secretary, key player in the financial crisis, has a new job now, but wait until hear the backstory and st. Loueve liesma it. Halo or pitch fork . Seema is such a sweetheart, should have been two halos. I know what they were trying to do. No way she could be a devil. We have a recordbreaking day down here, ty. The dow and s p crossing big, big numbers, 16,000 for the dowp. Right now it is up 39 points on todays trading session, but its up 144 from the march 2009 bottom. The s p hit the 1800 mark for the first time ever, it is now slightly to the downside. Its kind of hugging that 1800 mark. But it is up 165 since that 09 bottom. The nasdaq inching ever closer to 4,000. That index is down 4. 5 points today but its up 214 since march of 09. The big question now is, where do
Are arriving in athens showing cautious optimism about the health of the economy. These things are looking better. I shared optimism of the greek government, which is that they would like to access the program. Whether its possible, i think its too early to say. As you know, the program runs right up until the end of this year and will decide later on this year what the future will be. And a grilling on capitol hill, questions on how Safety Standards were allowed to slip as gm recalled another 1. 5 million cars. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And a warm welcome to todays program. We start off with the latest pmi data out of the eurozone. We had the flash numbers a while ago. The manufacturing pmi down to 53. Thats what the flash was. It was 53. 2 in february. The pmi output index is up to 55. 6. Thats a little higher than the 55. 4 flash number at 65. 3 in february. And the pmi output prices index, 49. 3 as specd in the fl
But thats what set the pace of what we did. The dancing at night not at all. Prices wide shut. It is. Lets get you updated on the search for the missing plane in these three seventy australian Prime Minister tony abbott told a press conference to get out with Angus Houston ahead of the joint Agency Cooperation santa and elf that the search for the missing Malaysia Airlines jet will be expanded to include the massive swath of the ocean floor then they take up to eight months to research. We are losing strong the current size. Two i fridays which is focused on searching the irish and four about a much larger area. If everything goes so perfectly i was trying to be doing well if we do it nine months but then you have issues potential issues was whether the potential issues with the palms the usability of the equipment. Witness whats happened with that blue thing and then a number of teething problems with it we still baffled and disappointed that we havent been idle to find on to say brea