Tic, tic, tic … I believe the bomb will go off soon, and city officials will be making comments like banking officials have made. How could we have seen this coming? I guess they can’t when they run every time the budget is mentioned.
They make dumb decisions far too often for the budget not to explode. Like giving the highest paid city employees a 6% raise and refusing to give lower paid employees a 4% raise. But the DROP program is the pinnacle of stupidity, encouraging employees to stop contributing to their pensions and offering them hundreds of thousands to do so? What actuary approved that idea?
