A computer glitch in the tax rolls of Porter County, Ind., causes the valuation of a house in the city of Valparaiso to shoot up from $122,000 to $400 million - boosting its annual property taxes from $1,500 to $8 million. Though the county's IT director spots the mistake and alerts the auditor's office, the wrong number nonetheless ends up being used in budget calculations, resulting in a $900,000 shortfall for the city and a $200,000 gap for its schools.How is this a dumb moment in business? This isn't business stupidity (for which there are plenty of examples in the article) this is government stupididty. Let's call a spade a spade.
Tuesday, January 23, 2007
CNNMoney is running an article titled: "100 Dumbest Moments in Business". Here's #9:
at 1/23/2007 01:24:00 PM