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7. Current spending for the Midcity clinic is $65 million. Budget projections show that, under current policy , spending will grow to $85 million next
7. Current spending for the Midcity clinic is $65 million. Budget projections show that, under current policy, spending will grow to $85 million next year. In an effort to reduce costs, the Board proposes cutting back on plans to hire additional staff. Under the plan, spending next year would total $75 million. Which of the following is a baseline projection of the total cost of the clinic?
a. it would cost $20 million
b. it would save $10 million
c. it would cost $75 million
d. it would cost $85 million
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