City of Miami talking about bankruptcy. The reason?
"Increases in public worker salaries is one of the main reasons why the budget is so tight. The average salary for a Miami city employee is $76,000. The average salary for a Miami city resident is $29,000.
Employee pensions are choking the budget too. In 2000, pension payouts cost taxpayers $16 million. In 2009 that number spiked up to $70 million."
If Lake Worth does not solve the Union pension/benefits problem, look for very difficult times, higher taxes, lay-offs, reduction in services and higher fees for same.
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