A Budget Simulation Project on Opportunity Costs

I was asked to join this committee to help the Mayor solve a problem. The city's budget director has forecast that city tax revenues will be $300,000 less than expected this year, the second year of the city's two-year budget period. Instead of increasing taxes or increase city spending, I have decided to cut back on some of the lesser projects.
This city is having problems with its emergency personnel, or lack there of. Rather than increasing city spending and hiring three new firefighters, I have devised a solution. A volunteer fire department will be brought into play. …