Mike Mohill - Glendale Community Advocate

WEEK OF 9/15/15.  PUBLIC MONEY HAS NO SHAME!

GLENDALE PENSIONS took center stage and councilwoman Freidman and City Manager Ochoa continue to say they are fiscally responsible. Ochoa will tell the public we do NOT have $1.4 Billion in unfunded pension obligations. Ochoa said our unfunded pension debt was ONLY  about $400 million. As usual,  Ochoa and Friedman try to mislead the public. Actually, the $400 million represents only the already retired city employees pension  debt. The larger unfunded pension debt for our children to pay is the  $1.4 Billion  for the approximately 1300 current city employees.  Also, not mentioned by Ochoa or Freidman is the over $225 million in "Cadillac" post employee health insurance benefits for current retired employees.

With the city swimming in red is it any wonder council eliminated the Unity Festival and the Rose Float Entry is again on life support, city assets will be sold and we  will continue to rely on Grant Funding for needed city services.....Expect increases in existing city fees and new fees................ to balance the budget to judgment day!  CALPERS has already told the public they expect more money from the taxpayers to continue paying  the financially irresponsible and corrupt pension fund.  With Defined Benefits taxpayers are required to guarantee annually 7.5% rate of return on CALPERS'
wishful thinking investments.

Former Councilman, Dave Weaver, loved to tell the public that Council members must be doing a great job, because few people bother to come before Council and express their displeasure.

Please sign the non-partisan  Utility Users Tax petition being circulated around the city in order to repeal this tax and tell our elected officials we no longer want the status quo.

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