While Services/Jobs Were Being Cut, State Spending Grew Sharply In Other Areas

Paper prepared for VSEA shows alarming increase in State expenditures in areas like temporary employees, UI, pension fund investors, etc. etc. 

Seems like it might be a good idea for new Administration/Legislature to take a hard look at these findings. 

Cost Increases 2007-2010
VSEA received the following info, concerning cost increases in state government from 2007 to 2010 (or the period of cuts, cuts and more cuts!)
·      Pension Fund Investment Managers (read: the same folks responsible for not seeing the coming economic storm) saw their pay jump $2 million from 2007 to 2010. In 2010, Fund Managers earned a total of $12.7 million!!!;
·      Spending for “Financial Services” jumped nearly $1 million to $4.4 million!!!;
·      Auto Rentals grew by $800,000 to $2.5 million (a 50% increase from 2007!);
·      Motor Vehicle Repair & Maintenance jumped $800,00 to $2 million (a 60% increase from 2007);
·      Office Space Rental jumped nearly $2 million to $19 million;
·      Postage Costs soared to $6.8 million in 2010, or a $588,000 increase from 2007 (weren’t we supposed to be heading towards a “paperless model”?);
·      Energy Costs rose by $1.6 million, or a 8.8% increase (in a time of supposed “energy efficiency);
·      Water & Sewer Service Costs rose by $300,000, or 22%;
·      Unemployment Insurance Costs shot up a staggering $3.7 million (somewhat attributable to laying off nearly 1,000 state employees?);
·      Dues & Subscription Costs totaled $2.6 million in 2010;
·      Outside Legal Counsel Costs skyrocketed $205,000, even with all those in-house attorneys on staff;
·      Auto Insurance Costs up 23% to $569,000;
·      Temp Workers Budget up 94% to $400,000;
·      Plumbing Service Costs up to $564,000; and
·      Bond Issuance Costs up 41% to $422,000!