March 15, 2011

That's the way you do it - money for nothing

From the Denver Post:
Denver City Council endorses pay raise for elected officials
After spirited debate Monday, Denver's City Council voted 10-3 to tentatively approve a 6.6 percent raise for the next sitting council and every other elected official — an increase to be delayed for half of their four-year terms.

The city is facing a $100 million budget shortfall for the 2012 budget and has a structural budget problem that, if not addressed, could balloon into a $500 million deficit by 2030.
The raises in question:
The raise would give the council members an annual salary of $83,332 by July 2014. The council president makes about $10,000 more.

The mayor's salary will grow to $155,211 from its current $145,601. The salaries of both the clerk and recorder and the auditor would be $134,235, up from their current $125,924.
The silver lining:
All 13 council positions, along with the mayor, auditor and clerk and recorder, are up for election May 3.
Jeezzz -- I have some investment income and Jen and I each take $1K/month from the store. We live very comfortably on that -- the idea that people NEED $80K plus $30K in benefits is absurd -- that is upper class money. They need to look at their spending habits if they are out of funds... Posted by DaveH at March 15, 2011 3:01 PM
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