Daily Archives: February 16, 2012

What happened to pay-as-you-go? – Letter to the El Segundo Herald by Liz Garnholz

Posted on February 16, 2012 by Mike

In order to pay for 13 Capital Infrastructure Projects the City of El Segundo wants to obtain an approximately $10,000.000 Lease-Revenue Bond using our City as collateral. This $10,000,000 Lease-Revenue Bond over 20 years will cost approximately $15,800,000 with yearly debt service payments of $775,000. Whatever happened to pay-as-you-go?

So why this type of bond? Simple, Lease- Revenue Bonds circumvent Proposition 13’s requirement that taxpayers vote on bonds. These types of bonds are legal gimmicks. … Continue reading →

Posted in Doug Willmore's Great Chevron Shakedown, El Segundo Herald Letters, El Segundo News, El Segundo Tax and Fee Increases, Firefighter and Police Union Compensation and Pensions, Government Employee Compensation and Pensions, Letters to the Editor | Tagged , , , , , , | Comments Off on What happened to pay-as-you-go? – Letter to the El Segundo Herald by Liz Garnholz

“NO” on P – Letter to the El Segundo Herald by Marianne Fong

Posted on February 16, 2012 by Mike

“NO” on P

The firefighters’ union has financed a propaganda poll with many false claims to deceive voters into voting for Measure P. The pollsters falsely claimed firefighters are paid $100,000 annually.

The firefighters had average total annual compensation of $211,000 (maximum was $342,000), and average annual pension contributions paid by the taxpayers of $42,000 (maximum was $80,000). These figures don’t include Fire Chief Kevin Smith, who had total annual compensation of $358,000 including total annual pension contributions paid by the taxpayers of $84,000.

If Measure P passes, El Segundo will no longer have a Fire Department. L.A. County will provide our fire and paramedic services at a reduced level, without ambulances. … Continue reading →

Posted in El Segundo Election Coverage, El Segundo Herald Letters, El Segundo News, El Segundo Tax and Fee Increases, Firefighter and Police Union Compensation and Pensions, Firefighter Union Corruption, Government Employee Compensation and Pensions, Letters to the Editor, Measure P - Firefighters Union Initiative | Tagged , , , , , , , , , , , | Comments Off on “NO” on P – Letter to the El Segundo Herald by Marianne Fong

Save Our City – Letter to the El Segundo Herald by Michael D. Robbins

Posted on February 16, 2012 by Mike

SAVE OUR CITY

The El Segundo firefighter and police unions are putting our city at risk for their Royal Family sized paychecks and pensions. At the Feb. 7 City Council meeting, City Manager Doug Willmore explained how City Hall will be sold and leased back for twenty years, as collateral for a $10.3 million loan to pay for street resurfacing, other routine infrastructure maintenance and capital improvements.

El Segundo used to be a pay-as-you-go city, paying for infrastructure maintenance and capital improvements with General Fund revenues. But that was before the safety unions became very active in City Council campaigns, hired their own bosses, and ratcheted up their salaries, benefits, and pensions to ridiculous and unsustainable levels. … Continue reading →

Posted in Doug Willmore's Great Chevron Shakedown, El Segundo Election Coverage, El Segundo Herald Letters, El Segundo News, El Segundo Tax and Fee Increases, Firefighter and Police Union Compensation and Pensions, Firefighter Union Corruption, Government Employee Compensation and Pensions, Letters to the Editor, Measure P - Firefighters Union Initiative, Police Union Corruption | Tagged , , , , , , , , , , , , , , , | Comments Off on Save Our City – Letter to the El Segundo Herald by Michael D. Robbins