Excellent analysis, sir. Just a comment on the other agencies: they do not spend all their dollars on current items. They, too, are mired in the overwhelming problem of pension and other debt for their employees.
Also, the cost of each city employee constantly escalates, also ballooning the cost of govt. With each police and fire contract, the wage increases create larger pension obligations.
Excellent analysis, sir. Just a comment on the other agencies: they do not spend all their dollars on current items. They, too, are mired in the overwhelming problem of pension and other debt for their employees.
Also, the cost of each city employee constantly escalates, also ballooning the cost of govt. With each police and fire contract, the wage increases create larger pension obligations.
But please keep going with your analysis.