Palo Alto sees good news on financial horizon
Original post made on Dec 18, 2012
Read the full story here Web Link posted Tuesday, December 18, 2012, 9:27 PM
on Dec 18, 2012 at 10:11 pm
good news? awesome - then by all means lets find a way to stuff more people in, maybe we can bring traffic to a total and complete standstill.
on Dec 18, 2012 at 10:30 pm
Wise decision by the council to revise the forecast.
on Dec 18, 2012 at 10:33 pm
"Between 2003 and 2013, the city's expenditures on salaries and benefits have gone up by 24 percent, despite a major reduction in staffing levels. Pensions alone have increased nearly 10-fold, from about $2.4 million in 2003 to more than $24 million this year."
This says it all. Improving revenue will serve as a very short lived band-aid if the council doesn't have the courage to stand up to the public employee unions who have dragged the city into this mess. Unfortunately, Price, Sheppard, Kniss, and very likely Berman are likely to continue to view the public as a cash cow for their special interest benefactors. We need the rest of the council to take a very courageous stand.
Meaningful pension reform (or outsourcing if the unions manage to stop the process) should be priority one.
The Utility Users tax should be repealed as well, since it causes a structural conflict of interest. The city leadership is supposed to oversee ratepayer interests, but with the UUT being paid directly into the general fund, the city has an interest in rising rates that directly contradicts their supposed role as ratepayer advocates. Gail Price and company would be more than happy to have utility rates continue to rise 20% per year (in this time of record cheap natural gas prices strangely enough) so that her union benefactors can keep their six figure pensions.