City Budget

(Source: AP)

Cities Look To Pensions To Fill Budget Holes

As the economy continues to sputter, city and state governments are turning against their own workers to make up the financial shortfall. The latest cuts are targeting pension plans which have pushed some cities to the brink of financial ruin.

CBS4–09/14/2011

(Source: CBS4)

Miami’s Ultimatum To Unions: Face Cuts Or Negotiate Contracts

The budget battle is heating up for the City of Miami, and the city has an ultimatum for its unions: renegotiate contracts or face big cuts.

CBS4–08/16/2011

MoneyGeneric

Miami Declares Financial Urgency; Will Look To Unions For Cuts

Miami City Manager Johnny Martinez declared a financial urgency late Monday afternoon. Martinez’s declaration is a sign that he wants to renegotiate the union contracts with the police and fire fighters.

CBS4–08/15/2011

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