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How to Break an American City: Ignore Cost of Retiree Healthcare and Pensions
Reason.com
[Opinion] Oct. 27, 2013 "The National League of Cities ... took a poll of its members in 2012 to determine the most popular methods for coping with personnel costs at a time of economic stagnation and declining tax revenue.... At the bottom [of the list:] Changing union contracts, cutting back health care benefits, and reforming pension funds. This despite the fact that seven out of 10 city finance directors said public-employee benefits were having significant negative impacts on their budgets ... Officials are unable or unwilling to confront the root causes of municipal decrepitude." MORE >> |
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