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Here is a quote from the press release:
"The $65 million deficit in FY 2010 is a result of the country’s current economic crisis, and the continuing problems in the housing market. As a result, collection from recordation taxes is steeply declining. At the same time, the cost of maintaining city service, such as pension contributions and health care, continues to rise"
So it has nothing to do with horrible budgeting and wastefulness of or local bureaucracy? Are you saying we could not have planned ahead two years ago when everyone knew the real estate market was going to slow down?
Pension contributions and health care costs continue to rise for former and current city employees. Why is this? Could it be because of the unions getting just about every single demand they have ever made of Baltimore's leadership? Unions are great organizations up to a point. When they start to bankrupt cities then we have a major problem. Soon it may come down to taking care of former employees of the city who have long ago moved away or maintaining Baltimore for its current residents. What would you rather do?


