Are the Commissioners in the same Family as the Employees?

Thanks to reporting by the Miami Herald we have learned that the City Commissioners have not taken a reduction in their pension accumulation factor of 3 percent during their first ten years of service.  Why wouldn’t the City Commissioners lead the way by reducing their own pension factor to the same as the general employees.  Should they think they are in the same family as the employees?  Commissioners still haven’t shown enough toughness in handling budget, pensions and other benefits (especially health care benefits).

According to the ordinance, the multiplier for non-union pensions would decrease like this:

• Managers, who include commissioners, would keep the 3 percent multiplier for their first 10 years of service. In subsequent years, the multiplier would be reduced to 2.25 percent for every year of service.

• Professionals and supervisors, would have a 2.5 percent pension multiplier for the first 10 years of service, and then a 2.25 percent multiplier for subsequent years of service.

• Commissioners will decide in a few weeks whether or not to change the multiplier for “appointed” employees, such as City Attorney Elizabeth Hernandez and City Clerk Walter Foeman. Salerno does not belong to the non-union pension plan.

via Coral Gables OK’s pension cuts for employees and managers – Coral Gables – MiamiHerald.com.

What Think the Candidates about the Budget and Taxes?

We have seen published several names of possible and likely candidates for positions of Commissioner or Mayor.  Nevertheless, to my knowledge none of these new candidates have appeared at the Commission budget hearings with a view on taxes,  pensions and benefits.  With the exception of Mr. Kerdyk whose views are well known, it is quite surprises that the other candidates haven’t stood before the Commission to state their views.

This silence is very concerning.

A candidate who does not speak his/her views on the budget stands in full agreement with the Commission. [Quien calla, otorga]

More on the Same Depressing Subject

It is hard to imagine that except for very extraordinary conditions the economic recovery will be hard and long.   Coral Gables will not feel a recovery any more than any other area of the country. Beware City of Coral Gables for further declines in property values.

…the extraordinary length of the recession that…began when the collapse of the subprime mortgage market triggered the most severe financial crisis since 1929.

An official end date for the recession also makes it official that the recovery since 2009 has been unusually weak and jobless. That gives evidence to those who argued that recovery from a recession caused by a financial crisis would be slow and painful as households struggle to pay down their debts.

via FT.com / US / Economy & Fed – Downturn longest since Great Depression.

Simple Pension Proposal for Coral Gables Commission

All Coral Gables Commissioners and the Mayor should forego a pension.  This relieves them of having a conflict of interest when they raise or lower the pensions of city employees.

Also, Coral Gables Commissioners should forego a salary, accept a small additional amount to cover their personal city-related expenses.  This is justified since they have a part-time job, in the public interest, and they have private sources of income.

In other words, the City of Coral Gables Commissioners and Mayor should be treated like the Board of a nonprofit organization with a fiduciary responsibility, but acting as volunteers in the interest of the community.

In 2010 all candidates for Commissioner or Mayor should offer not to accept a salary or pension from the city.

These sacrifices would make our Commission and Mayor exceptional and outstanding community leaders in this time of great personal and business austerity.