Archive for February, 2010

City owes firefighters, police $2.8M; comp time, sick days cashed in (The Toledo Blade)

Sunday, February 28th, 2010

By IGNAZIO MESSINA BLADE STAFF WRITER Even with Toledo on the edge of financial ruin - with the threat of fiscal emergency on the horizon - the bureaucracy cannot be undone and it keeps cranking out the checks. Among the payouts next week will be $1.5 million in checks to police officers cashing out a portion of their unused sick days, overtime not paid last year that had been deferred until now …

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Capital Flight Out of Greece (The Daily Reckoning)

Sunday, February 28th, 2010

An article in the UK Telegraph stated that Greece’s Deputy PM had lashed out at Germany over war-time atrocities and accused Italy of cooking its books. This seems like a fairly dumb thing to do when you are hoping that Germany might hand over some cash to help you out of the hole you’ve dug yourself.

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Special session ends - 2:12 a.m. (Nevada Appeal)

Sunday, February 28th, 2010

The 26th Special Session of the Nevada Legislature shut down at 2:12 a.m. after passing a 60 page bill designed to put the state budget back in balance. The legislation consists not only of budget cuts but sweeps to take unused cash out of a laundry list of accounts, increased fees in parks, gaming, the secretary of state’s office and other areas, redirection of different funds and creative …

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Unused vacation time carries high price tag for California (The Sacramento Bee)

Sunday, February 28th, 2010

In the past few years, California has paid out an estimated $100 million to state employees who have retired with large amounts of unused vacation pay, ignoring long-standing rules that prohibit them from amassing such time-off benefits.

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Cape mayor Sullivan faces concerned residents at town hall (The News-Press)

Sunday, February 28th, 2010

High taxes and fees are squeezing the cash out of Cape Coral, Mayor John Sullivan said Saturday.

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Audit: Lawrence Nines, leader of Wisconsin Health and Educational Facilities Authority, overpaid (The Appleton Post-Crescent)

Sunday, February 28th, 2010

MADISON A tiny Wisconsin agency that issues bonds for health care and education construction has overpaid its executive director by more than $200,000 dating back to 1991, an audit released Friday says.

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Rand tape not damaging (The News & Observer)

Sunday, February 28th, 2010

When Tony Rand sat down at lunch in August to discuss his plans to fire the chief executive of a Raleigh surveillance equipment firm, the powerful politician had no idea the employee across the table was wired.

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State pays employees millions in unused leave (The Santa Rosa Press Democrat)

Sunday, February 28th, 2010

CHASE DAVIS CALIFORNIA WATCH Amid a crippling fiscal crisis, managers throughout California’s government have routinely allowed their employees to amass unused vacation time, enabling hundreds of workers to end their public-service careers with payouts topping $100,000, a California Watch investigation has found.

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Retirement tips (Worcester Telegram & Gazette)

Sunday, February 28th, 2010

Most of us will have to rely mainly on ourselves for our retirements - pensions are disappearing and Social Security likely won’t be enough. Here are some tips.

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California pays millions in accrued time off (The Fresno Bee)

Saturday, February 27th, 2010

Amid a crippling fiscal crisis, managers throughout California’s government have routinely allowed their employees to amass unused vacation time, enabling hundreds of workers to end their public-service careers with payouts topping $100,000, a Califo

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