Baby Boomer's View: Pension Liability is a Major Expense for Cities

In St. Louis the discussion about the cost of municipal pensions is far from over. Firefighters' pensions and benefits make council members wonder where they will get the money to pay for what has been promised. They are also scrutinizing the abuse of disability benefits.

In Texas paying the state's bills late wastes millions in taxpayer dollars. Dave Harmon reports on Stateman.com that tax dollars needed for state programs instead got mailed out as interest on late payments. This practice is widespread among many state government agencies. ?In Texas, as in many other states, the law requires outside vendors be compensated when invoices are not paid within 30 days.

Source: http://babyboomerswriting.blogspot.com/2012/02/pension-liability-is-major-expense-for.html

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