Writer not surprised Antioch facing bankruptcy, again
It comes as no surprise to me that the outlook for our City is bleak. I hope it does not come as surprise to you. We have known for some time now that we were spending more than we made. That we were slow on collecting monies owed the City and that we were not managing the budget in a more professional manner. There is no “single” event” that brought us to where we are today – On the Brink of Bankruptcy. It was many years for promises not kept, contracts poorly negotiated, special interests having to be placated. We saw it coming, the slow way hiring of new officers was happening, the passing of specific measures to address crime. But poorly implementing them. Increasing taxes on landlords to help our city.
But now we are down to the brass tacks. I have faith and believe there is a path through all this mess that can bring us out the other side. Cuts, slashes in retiree retirement pay, make them have to carry a larger portion of healthcare and other benefits, roll back salaries on employees. Increase fees for inspections, use fees, and some permits. Get the police number where it needs to be. It is a fairly simple solution that requires a hand implementation. 1. Save now, anyway we can. 2. Complete the police staffing. 3. Reduce our crime rate. 4 With a safer city people might want to live and spend money here and that might help us to recover. Even if we declare Bankruptcy, we still have the obligation to get our fiscal house in order. We still have to balance the budget.
We still have to settle with the claimants. We still have to pay our legal bills, and we still have to deal with our unfunded liabilities. So, running from the problem will not work. If we file, there will not a positive trusting relationship between the bankers, suppliers, vendors, employee organizations and the city management. That will just make things worse than they are.