Sunday, October 11, 2009
Pension fund contributions burden local governments (10-11-09 Freeman)
According to this article published in the Sunday Freeman, "City of Kingston officials say payments to the state pension system are expected to climb next year by $900,000 from the current $2.2 million." All projections indicate that the City of Kingston budget, which is very bad this year, will be even worse next year. If you think about it, asking city and county candidates to pledge "no increase in taxes" is a very MILD request compared to the LOOMING TSUNAMI of contractual raises, steeply rising pension obligations, drop in sales tax revenue, drop in tax collections, and drop in mortgage receipts. Drastic budget cutting is called for, not an increase in "already too-high" taxes. The Firefighters' union is proposing to forgo this year's raises and exercise stipends for a savings of $250K. This is a start. However,if the unions don't budge more, to the tune of $1Million for each union, inevitable MUNICIPAL BANKRUPTCY will be knocking at our door.
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2 comments:
you are so right about the unions but csea will never budge because all they do is take take take and the leadership would rather see the rank and file lose thier jobs rather then help out the tax payer in this time of need csea has been sucking the tax payer dry for years the never give back greed has taken over and screw the rest they think they run the city lets remember who is the employer and who is the employee and who pays the salary we have to pull together in these ruff times let the mayor do his job without the union throing road blocks at everything and taking taking taking sop the greed
CSEA NOTHING BUT GREEDY SO AND SO THE LEADERSHIP SOLD THIER RANK AND FILE DOWN THE ROAD THEY RATHER KEEP THE LITTLE 3% RAISE THEN KEEP THIER PEOPLE FROM LOSING THIER JOBS SHAME ON CSEA ITS TIME TOO LOOK FOR A UNION THAT LISTENS TO ITS PEOPLE RATHER THEN DESTROY THIER LIVES SHAME ON CSEA
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