PrintersRowBoiler
December 6th, 2008, 10:22 PM
Now that Midway, Skyway, meters, and parking garages are privatized, what will be next?
What would you think of Lake Shore Drive? The City could charge tolls, and in exchange would get a huge amount of cash and leave the burden the the leaser to spend the money on the technology to charge the tolls and a huge amount of improvements as part of the deal.
What about managing funds such as pension funds?
What about going to consultants with more building department? You would not have to worry about hiring more people or letting people go as the market fluctuates? They are starting to do that with some larger projects and the DOWM part of DOB and CDOT.
What about towing/pound services?
I don't see OHare being privatized... maybe a private management company.
How about the Department of Revenue... City spends $45M on this... seems you can have a private company for much cheaper.
I don't think any of these ideas will get us a huge cash payment up front (maybe the pension funds or Lake Shore Drive), but at least we can start saving money. I think our biggest problem is the benefits we pay out and the high salaries that City employees are paid, which is justified for the employees required to live in the City. Compare Chicago employees to any other municipal employees and you will see a huge jump for Chicago. CDOT and IDOT... compare those.... it is huge!
Privatize the work...
Gone are the pension contributions and the huge burden it is on the City. Did you know this year's pension contributions is larger than the $415M deficit?
Gone are the high salaries. For example... the job that a civil engineer at CDOT has making $80K reviewing plans can be done by an engineer for a private company making $56K a year.
Gone is the downtime. When things get slow, you are paying an employee to sit around or move papers on their desk. City only pays for the hours the private company works, which is aggressively negotiated up front.
What do you think?
What would you think of Lake Shore Drive? The City could charge tolls, and in exchange would get a huge amount of cash and leave the burden the the leaser to spend the money on the technology to charge the tolls and a huge amount of improvements as part of the deal.
What about managing funds such as pension funds?
What about going to consultants with more building department? You would not have to worry about hiring more people or letting people go as the market fluctuates? They are starting to do that with some larger projects and the DOWM part of DOB and CDOT.
What about towing/pound services?
I don't see OHare being privatized... maybe a private management company.
How about the Department of Revenue... City spends $45M on this... seems you can have a private company for much cheaper.
I don't think any of these ideas will get us a huge cash payment up front (maybe the pension funds or Lake Shore Drive), but at least we can start saving money. I think our biggest problem is the benefits we pay out and the high salaries that City employees are paid, which is justified for the employees required to live in the City. Compare Chicago employees to any other municipal employees and you will see a huge jump for Chicago. CDOT and IDOT... compare those.... it is huge!
Privatize the work...
Gone are the pension contributions and the huge burden it is on the City. Did you know this year's pension contributions is larger than the $415M deficit?
Gone are the high salaries. For example... the job that a civil engineer at CDOT has making $80K reviewing plans can be done by an engineer for a private company making $56K a year.
Gone is the downtime. When things get slow, you are paying an employee to sit around or move papers on their desk. City only pays for the hours the private company works, which is aggressively negotiated up front.
What do you think?