Tuesday, April 10, 2007

$181 million more each year from taxpayers

Tennessean Reporter says a "financial hurricane is bearing down on Metro Government", not correct, Metro Government IS the hurricane and taxpayers are the victims. Why weren't we told? When were these liabilities created?


A financial hurricane bearing down on Metro government could force significant budget cuts, tax increases or changes in retirement health benefits for future employees.

Metro eventually will have to pay $3.2 billion for retiree health benefits — money it hasn't set aside — unless it changes the way it pays benefits, according to insurance industry statistics reports.