The Coral Gables Budget Condition

Citing a recent editorial of the Coral Gables Gazette:

It’s no secret why Coral Gables is now a financial basket case. Too many employees making too much money. In the current fiscal year, the average cost to taxpayers per employee is a staggering $121,519. The city gives its 865 employees $62 million in wages and an additional $43 million in benefits, including a $24 million pension contribution. This is simply unsustainable for a municipality with revenues of $143 million and dropping.

Hence the only solution for Coral Gables it so rethink its staffing, organization and program reach, reducing staff and freezing salaries for the foreseeable future.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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