Every tax is a pay cut. Every tax cut is a pay raise.
Citizens for Limited Taxation
|When the state mandates payment of OPEB (Other Post Employment
Benefits), a $216 million unfunded long term liabibility as
defined in our most recent
Long Term Financial Report
, our CFO would like the first payment for a restricted fund to be
$16 million. This will be taken out of operation funds and will
result in layoffs. The total staff of both the schools and the town
may be reduced by eight percent (8%) or more.
Fear not! What you owe the unions will be paid in 30 small annual installments. It is a mere transference of wealth from your bank account to their bank account. You will get nothing additional in return that you are not already getting.
With these looming layoffs, this bit of humor really does show the problem with being 90% unionized where seniority rules over productivity.
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