Comment 83214

By Fred Street (anonymous) | Posted November 26, 2012 at 13:42:35

Andrew Dreschel, Mar 16 2011:

"In the 2010 budget, the cost of employee wages, benefits and pensions accounted for 47 per cent of all city expenses.... Bill Tufts, a Hamilton employee benefits and pension consultant, says public sector pay hikes cost far more than most people realize....Tufts concludes the city’s finances are in a precarious state with expenses rising more rapidly then revenue, largely because of skyrocketing employee salaries and benefits."

http://www.thespec.com/opinion/columns/article/502317--wages-and-benefits-strangling-city-budgets

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