Thursday, October 11, 2018
KANSAS CITY HELP WANTED: CITY HALL DESPERATELY SEEKING CONSULTANT TO SAVE DWINDLING PENSION FUNDS!!!
Over the past few rainy days a great deal of Kansas City has been underwater . . . The same can be said of local finances which threaten to sink under the burden of rising of KCMO pension costs that are unsustainable given this town's growing debt to revenue ratio.
What's the answer????
Some say privatization of more city services while others believe grandfathering the end of the current pension system will provide the solution. The discussion can be dry and dire . . . Here's the local call for expert opinion . . .
Kansas City, Mo., wants consultant to help the city’s pension task force
"The city is seeking a consultant to advise and assist the city's pension task force appointed by Kansas City Mayor Sly James to ensure the financial sustainability of the $1.1 billion Employees' Retirement System, $880 million Police Employees' Retirement System, $512 million Firefighters' Retirement System and $142 million Civilian Employees' Retirement System of the Police Department of Kansas City . . ."
Developing . . .