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Archive for February 4th, 2010

5 Ways to Reduce Spending in the Fire Department

Gordon Graham here – and I hope all is going good for you. So much is going on in the world of “government” and most of these goings-on are linked to “money” issues. As I prepare this piece I am reading more about public safety pay, benefits, retirement plans, and related issues.

It all gets down to this. In order to survive, a business (or government entity) must balance “incoming funds” with “outgoing expenditures.” This is not advanced rocket science. You and I do this on a monthly basis – taking a look at how much is coming in – and making sure that our family expenditures do not exceed this amount. And since you are reading this on the LA Firemen’s Credit Union site – you know this better than 99% of the people you will see on the street today. (more…)