The year in wasteful spending: #3 – #1
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The next installment of our countdown of the 15 most unbelievable, irresponsible, and downright wasteful examples of government overspending from the past year.
9¢ = 5¢
The estimated cost of production for a single nickel is 9¢. Coin compositions have become more expensive than certain coins’ denominations. Changing the outdated composition could save taxpayers an estimated $150 million annually.
Union contracts ensured teachers at Buffalo public schools remain beautiful by including taxpayer-funded elective cosmetic skin procedures, such as chemical peels. City teachers used the perks to the tune of $9 million, all while the state of New York faces an anticipated $8.2 billion budget gap in 2012.
In California, City of Bell officials became the poster children for government waste, fraud and abuse. Bell officials collected $6.8 million over the past three years by illegally raising their property taxes, sewer assessment fees and business license fees. They mismanaged tens of millions of the city taxpayers’ dollars, using much of it to pay themselves enormous salaries.
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