Tag Archive: cincinnatipension

Aug 13 2013

Reform by Referendum is a Double-Edged Sword

City obscure

Our fine City of Cincinnati, like many hamlets throughout the country has a steadily growing unfunded pension liability problem.  City Council has a fiduciary responsibility to oversee and provide adequate annual contributions to ensure long-term pension solvency.  Unfortunately, like Detroit, and other cities with pandering officials, wish list projects get financial priority over not only …

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Permanent link to this article: http://ourtp.org/2013/08/13/ruling-by-referendum-is-a-double-edged-sword/