Table 22-23 The Town of Franklin Is Facing a Severe Budget Shortage

question 322

Short Answer

Table 22-23
The town of Franklin is facing a severe budget shortage. The town administrator has proposed four options to balance the budget: increase property taxes (taxes), cut the school arts budget (arts), turn off half of the streetlights in the town (streetlights), reduce police patrols (police). Exactly one of the four choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.
-Refer to Table 22-23. If a Borda count is used, which option will win?

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Definitions:

Actual Spending

The actual amount of money spent over a specific period, as opposed to budgeted or planned spending.

Budget

A financial plan that estimates income and expenses over a specified period of time.

Replenish Inventory

The process of adding stock to an inventory to maintain levels and ensure availability of products.

Average Price

The mean amount of money paid for a good or service, calculated by dividing the total spent by the number of units bought.