1. It is January and you have just learned that the tax revenue for your city is missing the estimate for the fiscal year dramatically. You have been asked to cut 17 percent of your budget.

This is a very difficult problem because the fiscal year started in July and half the money in your budget has already been spent.

Using the budget form in table 19.2, determine how much money a 17 percent cut to the budget would be. What figures are you using to determine the 17 percent cut? Once you know the actual amount you need to cut, make a list of priorities and then decide where you will take the cuts.