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Bankruptcy is the only solution. The State Legislature has tied the hands of Mayors with the new sun setter law on union contracts. This removed all incentives for the unions to negotiate. They are guaranteed 3% raises and the same benefits for life without ever having to negotiate a contract again. Why would they ever negotiate a new contract, they have nothing to gain and plenty to lose. The only way out from under these current unsustainable contracts is bankruptcy.

From: Attorney argues: Balancing school budget on pension illegal

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