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Mayor Avedisian "feels they don’t accurately portray the city’s condition".

Here are some of the numbers that accurately portray the condition:

2004 Employee Benefits, $30,303,158 - 31% of budget - 2014, $53,842,019 or 43% of city budget (10 year chg +77.6%)

2004 Physical Resources, $11,487,266 or 12% of budget - 2014, $14,471,080 or 11% of city budget (10 year chg +26%)

2004 Social Services, $6,668,351 or 7% of budget - 2014, $5,459,873 or 4% of city budget (10 year chg -18%)

2004 Public Safety, $33,239,838 or 35% of budget - 2014, $39,279,721 or 31% of city budget (10 year chg +18%)

2004 Executive & Admin, $14,042,406 or 15% of budget - 2014, $13,269,390 or 11% of city budget (10 year chg -5.5%)

Allocation of new revenue since 2004 to city budget

Salary, sick pay, etc., $6,632,867, 21.7%

Active Employee Healthcare, $6,174,191, 20.2%

Retiree Pension & Healthcare $15,996,209, 52.3%

All other expenses, $1,777,797, 5.8%

And its going to get worse, because:

Pension Liability $628,776,187

Other Post Employment Benefit Liability (OPEB) $283,220,644

Total Liability $911,996,831 (add in outstanding bond debt and the total is well over $1 billion)

Pension Assets: $322,067,214

OPEB Assets: $0

Pension overall funding ration: 51.2%

OPEB overall funding ration: 0%

All benefit funding ration: 35.3%

One example of the extent of the problem: The funding plan for Police/Fire I pension plan submitted to the state will result in $314 million being spent over the next 14 years to reduce the accrued liability in the plan by $4.6 million. That plan was described as "reasonable" by the mayor when he testified before the state commission. The actuarial expert testified before the city council that, "It's not my job to tell you whether you can afford to fund it nor not. My job is to tell you what it costs".

Why would any politician want to comment on these facts. It's much easier to "feel" that the "small group" is not "accurately portray the city’s condition".

From: Avedisian lists pluses of ’13, cites ’14 challenges

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