Wednesday, April 18, 2018

How to Bail Out the Ailing Local Governments

Bailing out the Ailing Local Governments

Need a total re-invention of the Local Governments, in line with the private sector.
1. Replace the existing Pension system with a 403 Matching System (match up to 6%), thereby preventing any unfunded liability.
2. ​All Paid Time (Vacation, Sick, Personal days, etc.) must be reset each year (use it or lose it). No carry over!
3. All Overtime & Comp Time must also carry the same annual reset, with no cash conversion whatsoever!
4. Introduce Mandatory Retirement at age 67 (when Social Security and Medicare come into effect), with an early retirement incentive at age 62 (first allowable SS).
5. Minimize Civil Service hiring. Use "Temps" to fill seasonal and "Leased" employees to cater to long-term requirements.
6. Outsource! Outsource! Outsource! Start outsourcing all non-essential services including analytics/modeling, research, assessment, appeals review, data collection, etc. (those private vendors face true competition so they are forced to hire the best and the brightest, hence much better value to the taxpayers!).
7. Take away all decision-making powers from the senior Government employees (pertaining to high value projects, outsourcing, etc.), minimizing fraud, nepotism and post-retirement revolving door options.
8. All Civil Service Interviews must be conducted by a duly elected/selected external body (Professors, CEOs, EVPs, SVPs, etc.), with right to reject ALL (needed!).
9. All Civil Service jobs requiring a college degree must have two-part tests: Part-1: College level Math & English, leading to Part-2: Regulation.
Of course, the counter case could be equally compelling. As long as these Governments have unrestricted access to the "eternal" cash cow called homeowners, none of this might matter.

-- Sid Som, MBA, MIM
President, Homequant, Inc.
9 Enhancements to Make Existing Property Assessment Fair and Equitable

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