Before anyone assumes that the City Council has been presented with a reasonable compromise on public safety pensions and tries to look for funding sources, we need to examine the fundamental economic flaws of the proposal which, unless they are addressed now, mean that the plan has to rely on uncertain financial assumptions regarding future inflation rates and market performance to avoid municipal insolvency.  

In particular, unless the 3%…

Thirteen days ago Mayor Alvin Brown proclaimed it was great day for Jacksonville after his chief negotiator and the Police and Fire Pension Fund’s top administrator reached an agreement on pension reform.

But as the days turned into nearly two weeks, the agreement seems to be anything but that with both sides now questioning the logic behind each party’s understanding of the May 21st agreement.

Now both sides will come together again at noon Tuesday to hash it out in public.…