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re: Mitch Landrieu held in contempt; one week to find a way to pay or house arrest
Posted on 9/4/15 at 10:39 am to tLSU
Posted on 9/4/15 at 10:39 am to tLSU
so where do you think the money will come from?
virtually every pension fund in the State has a huge UAL. Somebody is going to be paying more taxes to make that up.
virtually every pension fund in the State has a huge UAL. Somebody is going to be paying more taxes to make that up.
2
Posted on 9/4/15 at 10:51 am to Mung
quote:
virtually every pension fund in the State has a huge UAL. Somebody is going to be paying more taxes to make that up.
This 75 million has nothing to do with the pension. This 75 million comes from required raises that were not paid and required vacation and sick day accruals that were not paid.
The pension is a whole another issue.
Posted on 9/4/15 at 11:05 am to Mung
quote:
so where do you think the money will come from?
From the $580 million budget. It's not anyone's fault that the City has chosen to ignore its obligations as it has for decades with lots of what it's required to pay. The current administration hasn't even used the state-received supplemental pay to actually pay firefighters, it has devoted that money to other things. Now it's time to pay. If the City can't have swimming pools, statue debates, and parks, then that's what he's going to have to tell people.
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