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Erie, PA - Where is this?

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Where is this?

Picture posted by Christian Lestat on Jan 12 '12

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Oh I know

Buffalo, NY

#2 Jan 12, 2012
Obviously not on your way to work
Christian Lestat

Erie, PA

#3 Jan 15, 2012
Do any of you know your Erie?
Phil McCrackin

Erie, PA

#4 Jan 15, 2012
Christian Lestat wrote:
Do any of you know your Erie?
1100 block of e lake rd.
TaxNoMore

Los Angeles, CA

#5 Jan 15, 2012
Christian Lestat wrote:
Do any of you know your Erie?
**********

Do any of you know your Erie?

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The Unsustainable Cost of Local Pensions
By RISHAWN BIDDLE on 9.1.11 @ 6:08AM

Wisconsin and New Jersey are just the starting point in the escalating war to clean up this mess.

You wouldn't think that Erie County, Pa., epitomizes the least visible yet most insidious aspect of the nation's pension crisis.

With just 280,566 residents, the county is better known for its once-grand status as being the hub between the Rust Belt metropolises of Pittsburgh, Cleveland, and Buffalo, for the sandy Presque Island State Park, and for being the site of one of the few battles won by the Americans in the War of 1812.

But these days, Erie County taxpayers are learning plenty about the high cost of pension and retiree healthcare deals struck over the past five decades by politicians and public sector unions.

In the county seat of Erie, taxpayers have seen the city's pension deficit increase by a 12-fold between 2003 and 2007 to $22 million.

Given that the most recent audit by Pennsylvania's state auditor only accounts for pension costs from four years ago -- and doesn't account for the last decade's financial meltdown, the current economic malaise, or new deals such as a new contract with the city's firefighters' union that forces it to hire 20 more hook-and-ladder men -- the cost to taxpayers is probably even higher.
Residents in nearby Millcreek Township -- where police officers and other civil servants get free healthcare -- must cover $5.4 million in pension deficits; residents in the city of Corry struggle with a $2 million tab.

While Erie County residents must struggle with a $30 million pension tab for its municipalities, they also face even bigger costs from the county government.

The county's pension is underfunded to the tune of $23 million, while the county has set no funds to cover its $69 million in unfunded retiree healthcare costs.

And those costs are increasing rapidly.

This year, taxpayers will shell out $5 million to cover immediate pension costs -- a 41 percent increase over the costs paid out three years ago.
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Do any of you know your Erie?

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