Next year's shortfall? '$76M and growing'

There are 1 comment on the Dec 6, 2008, Hometown Annapolis story titled Next year's shortfall? '$76M and growing'. In it, Hometown Annapolis reports that:

The bad news keeps rolling in for county officials. A day after County Executive John R. Leopold announced that Anne Arundel faces a shortfall of historic proportions this year, another county official revealed ...

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Annapolis, MD

#1 Dec 7, 2008
The pension plan for retiring public servants needs to be revamped. The private sector is phasing them out and governments need to do the same. It is basically a pyramid scheme that can't support itself without massive tax increases.

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