On 10/15/05 1:01 AM, "Phyllis Kahn" <[EMAIL PROTECTED]> wrote:
> The truth is that RT (and his fellow "economists" on the city > council) are bonding for public pensions; an act of fiscal > irresponsibility that is practised by no other city in the state and > prehaps even in the country. A practice forbidden by our constitution > to the state. Even worse, these are fully taxable, unlike tax exempt > municiple bonds. All because our city "leaders" refused to deal with the > MERF and Mpls police pension funds in a timely manner. While I certainly agree with Rep. Kahn that bonding for public pensions is not the preferred approach, I have difficulty taking her chastising seriously given the unwillingness that she, and other Minneapolis legislators have shown as far as holding the police pension board accountable for: 1. really short-sighted benefits administration (my primary concern). 2. really, really bad investment decisions. The State Auditor office has independently confirmed the various shortcomings demonstrated by the police pension board that the mayor and city council "economists" have complained about for years. What does Rep. Kahn intend to do to address these concerns and protect the interests of her constituents? Mark Snyder Windom Park REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
