Archive for November 2010

“Montgomery teacher pensions cost Md. $181 million”

From the Washington Examiner of November 28, 2010: “Roughly $1 out of every $8 Maryland pays in pension benefits will go to Montgomery County teachers in fiscal 2011, as promised increases in salary and benefits have almost tripled teacher pension costs in the last decade. ” Read the full story at the Washington Examiner.

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OLO Presentation on Achieving a Structurally Balanced Budget

On November 23, 2010, the county’s Office of Legislative Oversight (OLO) presented the first part of a study to explore the county’s structural deficit problem. “Personnel costs (pay and benefits) account for 82% of all tax supported spending. Between FY02 and FY11, personnel costs increased 64% while the total number of workyears increased 10%.” The…

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“Taxpayers have become the servants in Montgomery County”

From the Washington Examiner of November 26, 2010: “Compensation for Montgomery County employees now consumes 82 percent of all tax-supported spending in the county’s $4.2 billion budget. And for every tax dollar the county spends on bloated salaries, it spends another 52 cents on benefits for those same employees.” Read the full story at the…

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“Taxpayers fork out $100k for Montgomery worker compensation”

From the Washington Examiner of November 24, 2010: “The average Montgomery County employee costs taxpayers about $100,000 annually between salary and benefits — an increase of more than 50 percent over the last decade — according to a study commissioned to diagnose the suburb’s seemingly chronic budget shortfalls.” Read the full story at the Washington…

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“Credible bargaining”

From the Montgomery Gazette of November 17, 2010: “It is important for the unions to realize that the days of historically generous pay and benefits packages have to end.” Read the full story at the  Montgomery Gazette.

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“Md. facing $33 billion pension gap, analysts say”

From the Washington Examiner of November 12, 2010: “Maryland no longer can afford its generous pension packages for state employees and teachers, as the recession, expensive perks and years of underfunding have put it $33 billion in the hole, Maryland’s chief budget analysts are telling officials studying pension reform.” Read the full story at the…

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“Montgomery residents charged twice for multimillion-dollar pumping station”

From the Washington Examiner of November 14, 2010: “Developers charged taxpayers an extra $2 million by essentially billing Montgomery County residents twice for the same Germantown wastewater pumping station, according to local government officials  who also say those findings were ignored by top brass in County Executive Ike Leggett’s administration.” Read the full story at…

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