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<br /> <br />Page 16 <br />1 <br />can't stop. But right now, you know, it really <br /> <br />2 <br />depends on how our property values go. It depends on <br /> <br />3 <br />when the next recession hits. You know, there's so <br /> <br />4 <br />many factors that play into everything. But, right <br /> <br />5 <br />now, we were able to balance the budget with the pay <br /> <br />6 <br />increases that have already been granted by those <br /> <br />7 <br />collective bargaining and our Salary Commission. <br /> <br />8 <br />MR. HIGGINS: One final question. Has there <br /> <br />9 <br />ever been to your knowledge since, you've been involved <br /> <br />10 <br />on the County finance area, has there ever been a time <br /> <br />11 <br />when there has been either a wage salary reduction or <br /> <br />12 <br />going flat? <br /> <br />13 <br />MS. SAKO: I wouldn't -- I don't know that we <br /> <br />14 <br />call it a reduction but we, definitely, had furloughs <br /> <br />15 <br />that benefit the County and those would -- you know, <br /> <br />16 <br />with the collectively bargaining -- with the <br /> <br />17 <br />bargaining units. And then, we definitely have had a <br /> <br />18 <br />flat probably during the same period of time because <br /> <br />19 <br />not everyone was able to participate in the furloughs. <br /> <br />20 <br />So, like police and fire, I believe their salaries <br /> <br />21 <br />remained flat at that time. <br /> <br />22 <br />MR. HIGGINS: Okay, thank you very much. <br /> <br />23 <br />CHAIR: Any other questions? <br /> <br />24 <br />MR. HARANO: Deanna, what worries me the most <br /> <br />25 <br />is the unfunded pension liabilities in this equation. <br />ISLAND COURT REPORTING & TRANSCRIPTION SERVICES <br /> <br />(808) 933-9800 <br /> <br />