Is it fair?

Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees.

In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York, Saratoga Springs will collect 4.4% more in property taxes in 2011; Troy will increase taxes by 1.9%.

"The main driver is the irresponsibility of local public officials who for years and years have not been funding their pensions," said Henry Bayer, executive director of the American Federation of State, County and Municipal Employees Council 31 union, which represents 72,000 employees in Illinois. (Source: WSJ)

We are paying for irresponsible management and outrageous pensions, almost double those of non-union  workers. Somehow it is always the little guy (us) who pays for the established power groups.

George Dagnino, PhD

Editor, The Peter Dag Portfolio. Since 1977

Ranked second best gold timer by Timer Digest

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