Teachers, Firefighters, Cops Face More Layoffs: The Ticker

[hvactec]

11/04/2011
463,000 Jobs cut by local Governments since the recession ended in June of 2009.

The economic slump has been very hard on teachers, firefighters, police and other local-government employees. Unfortunately, it looks like the layoffs are far from over.

Even as private employers add to their payrolls, municipalities are still shedding jobs. As of October, local governments employed 14,109,000 people, the Labor Department reported today. That's 463,000 less than they did when the recession officially ended in June 2009. About half of the lost jobs were in education.

There are various reasons to believe the job losses will continue. The federal government is cutting back on aid to states, which in turn may have to cut back further on transfers to the local level. At the same time, the property-tax revenue that makes up most of local governments' budgets are finally declining as home-value assessments catch up with the housing bust -- a process that can take several years.

The more property taxes fall, the deeper localities will have to cut.

read more Teachers, Firefighters, Cops Face More Layoffs: The Ticker - Bloomberg

 

[Quantum Windbag]

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[The Rabbi]

It's always teachers firefighters and cops. How about laying off bureaucrats?

 

[BOBO]

The smaller the government the less the taxes!!!

"Government is the illusion of security for those that lack security in themselves."

11/04/2011
463,000 Jobs cut by local Governments since the recession ended in June of 2009.

The economic slump has been very hard on teachers, firefighters, police and other local-government employees. Unfortunately, it looks like the layoffs are far from over.

Even as private employers add to their payrolls, municipalities are still shedding jobs. As of October, local governments employed 14,109,000 people, the Labor Department reported today. That's 463,000 less than they did when the recession officially ended in June 2009. About half of the lost jobs were in education.

There are various reasons to believe the job losses will continue. The federal government is cutting back on aid to states, which in turn may have to cut back further on transfers to the local level. At the same time, the property-tax revenue that makes up most of local governments' budgets are finally declining as home-value assessments catch up with the housing bust -- a process that can take several years.

The more property taxes fall, the deeper localities will have to cut.

read more Teachers, Firefighters, Cops Face More Layoffs: The Ticker - Bloomberg

 

[editec]

We don need no stinkin' teachers firefighters and cops!

FREEDOM FROM TAXES THROUGH REGRESSIVE TAXATION LEADING TO ANARCHY!!

 

[Big Black Dog]

You can thank your thug unions and the dumb ass in the White House for all of this.

 

[martybegan]

We don need no stinkin' teachers firefighters and cops!

FREEDOM FROM TAXES THROUGH REGRESSIVE TAXATION LEADING TO ANARCHY!!

There are plenty of all 3 currently being paid by municipalites all over the country. The problem is a significant portion of them are already retired.

This issue was created by local governments making rules that favor large pensions to keep thier workers happy, then forgetting to fund those pension programs adequately, thus requiring general fund inputs above and beyond those required to provide for current workers.

 

[Oldstyle]

11/04/2011
463,000 Jobs cut by local Governments since the recession ended in June of 2009.

The economic slump has been very hard on teachers, firefighters, police and other local-government employees. Unfortunately, it looks like the layoffs are far from over.

Even as private employers add to their payrolls, municipalities are still shedding jobs. As of October, local governments employed 14,109,000 people, the Labor Department reported today. That's 463,000 less than they did when the recession officially ended in June 2009. About half of the lost jobs were in education.

There are various reasons to believe the job losses will continue. The federal government is cutting back on aid to states, which in turn may have to cut back further on transfers to the local level. At the same time, the property-tax revenue that makes up most of local governments' budgets are finally declining as home-value assessments catch up with the housing bust -- a process that can take several years.

The more property taxes fall, the deeper localities will have to cut.

read more Teachers, Firefighters, Cops Face More Layoffs: The Ticker - Bloomberg

Why this comes as a surprise to anyone is beyond me. When the original Obama stimulus was proposed I pointed out that "saving" the jobs of public sector union workers while letting the jobs of private sector worker get canned would only lead to less revenues being generated eventually necessitating either layoffs in the public sector or another huge round of borrowing to keep those public sector employees employed. This is what happens when you let a political agenda determine your course of action rather than a basic understanding of economics and a little common sense.