IN Los Angeles – a metropolis that may not clear up its homeless disaster or finance its pension obligations – all 15 of its municipal councils make use of a workers of twenty-two to 36 assistants. Of those, practically 60 earn a wage of greater than $ 100,000.
That data comes from Open the books, a non-profit group that publishes data on native, state and federal authorities spending.
The data additionally reveals that Los Angeles’ 15 metropolis councils every take house greater than $ 200,000 – a wage that exceeds most members of Congress.
For different metropolis staff, the state of affairs is about the identical. OpentheBooks recognized about 20,000 metropolis staff who earned greater than $ 147,000 – costing taxpayers practically $ 3 billion.
In the meantime, all the pieces is in place because the second largest metropolis faces a rising monetary disaster, exacerbated by the continued coronavirus pandemic.
A 2019 audited monetary report confirmed that the nation’s second largest metropolis had a debt burden of about $ 5.1 billion, equal to $ 4,000 for every metropolis taxpayer.
The report confirmed that a lot of the metropolis’s monetary issues stem from unfunded retirement obligations, together with $ 8.5 billion in retirement and $ 2.7 billion in retirement advantages.
Town’s monetary state of affairs was already dire earlier than the pandemic and is prone to worsen.
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