The Los Angeles City Council is poised to offer thousands of city employees cash payouts to retire, part of a major push to cut payroll costs during an unfolding financial crisis.
The program would result in a major downsizing of the workforce, the largest since the 2008 recession, triggering new reductions in services. Still, Mayor Eric Garcetti praised the initiative, saying it would cut employee costs while relying on fewer employee furlough days to balance the budget.Advertisement
The proposal comes as City Hall faces a range of dire financial scenarios, triggered both by a drop in projected tax revenue and by costly union contracts backed by Garcetti and the council in recent years. The city will save $23.2 million in the upcoming year if half of the eligible workers agree to retire, said City Administrative Officer Rich Llewellyn, the high-level budget analyst. If every eligible worker takes part in the program, the city will save $58.7 million, he said.Councilman Bob Blumenfield voiced fears about the buyout strategy, saying it poses risks to the city’s finances and its operations.
That’s where property taxes go. What a shame
That’s why there is no money left for growing group of homeless in LA.
'The city’s employee unions had lobbied aggressively for the retirement program' This is how you know it's bad for the taxpayers
Half would go to taxes?
What if we cut the police budget by 20%? Wonder how much that would shake loose.
sounds like a sound business.
This is a big yes for me....
🕵💥😤
Disgusting that public sector employees get such lavish payouts. It doesn’t matter what they do or have done, to get more than a years median income as a retirement incentive on the back of taxpayers is immoral. This is why the public sector employees & their unions are hated.
But who shall push the paper? Just kidding, that's so old school. Who will watch the Internet porn at the office all day?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IATSE Leaders Acknowledge Union’s Role In Perpetuating “Systemic Racism” In Legit Theater, Call For Industrywide ActionEXCLUSIVE: Leaders of IATSE, which represents thousands of theatrical stage workers across the country, today acknowledged the union’s role in failing to upend “systemic racism in the arts and ente…
Source: DEADLINE - 🏆 109. / 63 Read more »
NYC To Crack Down On Mystery Fireworks That Are Fraying Nerves And Disrupting SleepPolice in New York City say there were 54 fireworks complaints in the first half of 2019. In the same period this year, there have been over 11,000. Now, Mayor Bill de Blasio has formed a task force aimed at halting the illegal sale of fireworks. How many complaints of police brutality? New York is a place to put the scum of America. PERIOD My guess is it’s the police.
Source: NPR - 🏆 96. / 63 Read more »
Amazon Will Pay One-Time Bonus Of $500 To Front-Line Workers, Part-Time Workers Will Get $250The payout comes after the company decided to end its short-term pay bump for employees, including warehouses staffers, last month. Wtf $500 bonus I think Amazon is using thier workers as slaves while benzos keep making billions greedy human being $500000 for CEO & friends Way better than what Walgreens and cvspharmacy gave their employees
Source: Forbes - 🏆 394. / 53 Read more »
Malibu's Summer Rental Rates Soar: 'It's Like the Paper Towel Aisle at the Market'Some homeowners are offering houses for rent at tens of thousands of dollars above normal summer rates as demand surges in the Malibu Colony, named L.A.'s priciest area in 2019. TurkeyIsBombingKurdistan As. They. Should. PamplinFilmCo Don't mind caretaking such an establishment - rent free, only trying to help!
Source: THR - 🏆 411. / 53 Read more »
Amazon to Pay $500 Million in Bonuses for Front-Line Workers, Delivery PartnersThe e-commerce company’s one-time payout follows months of strong demand from consumers stuck at home during coronavirus-related lockdowns and pressure on workers handling the jump in orders. When the guillotines show up, that's the signal to pay the workers a bit more. Fantastic appreciating these people. Northwell also gave out bonuses and time off to front line workers. as they should. Any human with a soul would do the same. It should be $25 an hour just on GP.
Source: WSJ - 🏆 98. / 63 Read more »
A Starbucks barista received nearly $80,000 in tips after being singled out for refusing to serve a customer not wearing a maskA Starbucks barista who was publicly shamed by a customer after asking her to wear a face mask has received nearly $80,000 in virtual tips after a Facebook post that criticized him went viral. Starbucks uses companies that have literal slaves harvesting thier coffee. Wow. That's all it takes to get $80k? So you have to wear it to order but take it off to drink it... kinda missing what’s the point?
Source: CNN - 🏆 4. / 95 Read more »