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"Sacher presented an overview of city pension plans. He described benefits and pension plans as generous, asking councilors to consider reviewing them as the city goes forward."
Generous is an understatement. But for a more informative story go to Sun Times.
Here is a quote from the Sun Times story:
"Council members were told the unfortunate part of the pension picture is the fact that previous councils and administrations underfunded the pension plan and the liability or shortfall is around $3.4 million"
"Sacher also recommended to his fellow board members that the employee benefits committee be dissolved and a council committee be appointed to oversee future benefits discussions. Although the employee committee has no true powers, Sacher drew the analogy of it being similar to “putting the fox in charge of the henhouse.”
Folks pay attention, because some on council list the following as the major issues:
"he [Councillor Honig] pointed out that several projects of necessity are looming – the replacement of the Smokehouse Bay Bridge, the much-needed renovation and update of the central fire station and the replacement of Mackle Park Community Center."
Spend spend spend because of need need need!
On a scale of 1 to 10 where 10 is of highest need, I believe items 2 and 3 of Honig's list are very low on the scale of need, namely, renovation of fire house and replacement of Mackle Park Community Center. So how did it get to Mr. Honigs top three list of need? He says the devil is in the details.
Do not be dazzled by comments that the devil is in the details, because sometimes the most near sighted can distinguish need from wants.
However, in a quest to seek more detail, how much was spent for simple maintenance during the years of use. I would suspect that the maintenance at the fire house and Community Center is minimal thereby enhancing damage and reducing use expectancy. Now ask who is responsible for routine maintenance of building functions i.e. HVAC, house cleaning, painting etc. I suspect it is scrutinized and held to a minimal to keep operating costs low but in the end eventually leads to higher cost renovations that impact capital requisitions.....
Voila! Did we not hear testimony of the outcome of lack of maintenance of the water facility before purchace by the city and the excessive renovation costs required....minimal yearly maintenance program during operation has consequences.
Now ask yourself, is fire and parks department creating a similar fate as the water department fiasco.
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