If you are the
So then you pull out the Wiki and look up the presidents pay. What does GW make per year? $400,000. Yep….the
What drove the bankruptcy wagon? Well…in July….the police and fire department guys were set to get a 5.5 percent increase in pay. Other employees in the city were set to get a 3 percent raise in pay. Over the next three years….the cops and firemen were slated to get a 21.4 percent pay increase. Electrical works in the city were slated for a 10 percent increase. The amusing thing is that salary increases were moving along across the city at a rate of 11 perent annually. Tax revenues, were set at a pace of two percent.
You are sitting there and scratching your head by this point. The city would have easily bankrupted itself at the current pace. The city revenue guys knew this. The city council knew this. The cops and police knew this. I’m guessing that even the local newspaper folks should have figured this out a year or two ago. Why would anyone allow salary situations to go out to this extent? The answer is that the political entities were sleeping in bed with the union leadership. Everyone thought that this could just go on.
The cherry to this cake? Well…a number of state political players are now suggesting that the state could provide grants and sales tax money, to help lend a hand….so that salary increases can continue and the city can survive without bankruptcy….at least until grant money becomes scarce in three or four years and then bankruptcy arrives again.
We even had an assemblywoman (Noreen Evans – D) who said “I'm very concerned other cities will take a look at
What happens to