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Did you happen to read the editorial in today's Palm Beach Post? Lake Worth was not mentioned. The article was about why our state legislatures should fix the pension mess. It was just on September 25th where the Post indirectly reported on Lake Worth going from a C and D grade to all F's citing the LeRoy Collins Institute at Florida State University ratings and the health of 151 municipal pension plans statewide. Click here.
Lake Worth
General Employees C-- F
Police Officers D-- F
Steve Carr, the Interim Finance Director came out and reported that our pensions are $130,000,000.00 in the red.
I just find it curious as to why the Post failed to even mention Lake Worth when it came out in several editorials for voters to support a general obligation bond that would have put every property owner in Lake Worth in debt by $131,000,000.00 for 34 years.
It's the little things that drive you crazy. But it's the massive financial obligations that will bring down a city. Our pension debt is the biggest problem Lake Worth has and not once was it discussed during the budget.
8 comments:
The editorial board wants to avoid sounding the alarm about our desperate financial situation in Lake Worth because it would get in the way of their unwavering support of burdening the Lake Worth taxpayer with a bond to cover expenses this Commission has neglected to fund and oversee during the almost 3 years of their time in office.
We can't afford ourselves.
Never have trusted the PB Post to be the truth teller in our local media. They have their own agenda and no telling what it is sometimes. I usually vote the opposite of what/who they support.
The commissioners are not the sharpest tools in the drawer. They want our money but treat us like, actually I don't have a word for it.
Doody. Poop. Cow chips.
@ 6:19pm... you're not the sharpest tool in the drawer either. Learn how to properly construct a sentence, like an adult please. As for our budget.. many of us world like to know WHY and HOW Juan Ruiz and Jaimie Brown received massive raises this year. To do what?? Start asking the right questions. Don't even get me started on the Golf Course..
Well, anonymous at 11:45, these questions should have been asked by the commission during the budget process. Instead, Maxwell, Triolo and Szerdi voted to up the budget and give dept. heads just about everything they asked.
P.S. I love our golfcourse.
Guess we see who Juan pays to keep in his deep pockets..
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