2010-02-25 / Letters

Save money in T.O. by cutting salaries

Here’s an idea on how we can cope with expected reductions in city revenue: Lower the city employee salaries, according to this formula. Let x represent the current salary. Let y represent the percent reduction of the current salary.
Y=0.000173X-1.92
Old Salary Reduction New pay
$40,000 5% $38,000
$66,000 9.5% $59,730
$92,000 14% $79,120
$118,000 18.5% $96,170
$144,000 23% $110,880
$170,000 27.5% $123,250
$196,000 32% $133,250
$222,000 36.5% $140,970
$248,000 41% $146,320
$274,000 45.5% $149,330
$300,000 50% $150,000

Employees who object are free to resign and seek employment elsewhere. We’ll have plenty of highly qualified applicants to replace them.
Bob Brown
Thousand Oaks

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