Friday, December 28, 2012

DiNapoli: Local Governments Still In The Red

   Comptroller Tom DiNapoli says local governments are still struggling......Tom, maybe its in large part due to the escalating contribution rates for the defined benefit pension plan you and the unions insisted on keeping.
    Mr. DiNapoli, who is a nice guy, says localities are slip sliding away....
    Of course, not all situations are the same. For instance , statewide about 40% of local budgets come from the property tax. In Watertown that's about 20% as we live off sales tax.
      The solution is local governments which are closest to the people, have to decide what to cut and what to just charge more for....
      DiNapoli: Local Governments Still In The Red

6 comments:

Anonymous said...

Let's not forget the Pataki era, he did away with employee contribuations after 10 yrs., the law that forbids the prisons from being run by a private company, The various taxing agencies, what is it 125 in the county, The Authorities DANC,TIBA, WHA, CHA,JCIDA,WLDC, all at the trough.

Anonymous said...

How come no one mentions the years when municipalities paid nothing into the retirement system, when Wall St. was riding high. Maybe the cities and counties should have been putting funds aside then to help them through the current "crisis". But no, lets blame the DOT retiree getting an $15,000 pension every year. Yeah, it's his fault. He should have been on a 401K plan and living on $7000 a year.

Anonymous said...

Paing in those years was optional, But the employee still had to pay

Anonymous said...

No one is blaming a DOT 15k pension. What planet are you from? We blame the cops and firemen and teachers. and the DOT 50k++ pensions instead.

Anonymous said...

Geez, Too bad we can't live off the sales tax in St. Lawrence Co. Must be you guys got yours passed when we still had local representation, and before Patty signed on with Grover.

Anonymous said...

Of course the local governments are going to be in the red. Look at all of the stuff the State says the counties and towns have to implement without one penny from the State to fund this stuff. Like the State regulation that every township must have a historian. No money comes from the State to fund this position, but you gotta have one, whether want one or not. Oh, but that's right the state is already spending way more than it takes in, isn't it? So they figure they might as well force the county and local governments into bankruptcy also. And of course the FREE STUFF recipients far outnumber the working stiffs, so the chances of electing politicians who would stop spending more than the State takes in is ZERO!