Camden NJ, Population 77,344 Fires Entire Police Force, 270 Officers; Why Cities are Going Bankrupt

In an effort to rein in costs, the city of Camden NJ will fire its entire 270 member police force and instead will use Camden County officers.

Mayor Dana Redd and Police Chief Scott Thomson noted that for the same price, Camden can have 400 county officers on staff. That is nearly a 50% increase in the number of officers for the same price.

Of course the unions are howling.

In these cases, the county typically hires most or all of the officers at lower wage and benefit levels, but the article only notes a very vague "some current Camden officers will get jobs on the new force."

Why Cities are Going Bankrupt

Cities should strive to provide the most services at the least cost to taxpayers. However, public unions strive to provide the fewest benefits at the most cost.

Is it any wonder cities are going bankrupt?

Police and firefighter wages and benefits are crippling cities across the nation. Mayors are often in bed with unions rather than do what is best for the city.

I am a firm believer that every city under onerous police and firefighter contracts, most likely nearly every major city (if indeed not all of them), should do the same thing Camden did.

Camden Quick Facts

A quick check of City-Data shows Camden is economically poor with an unusual spike in home prices in 2007.

• Population in 2010: 77,344.
• Population change since 2000: -3.2%
• Estimated median household income in 2009: $26,752
• Estimated NJ median household income in 2009: $68,342

Racial Makeup of Camden



Home Sales and Home Prices in Camden



Median home price in Camden has been pretty steady at about $50,000 for 5 years. On above average volume, the median price rose to $400,000 in first quarter of 2008. What's that all about?

This was just something unusual that turned up while looking up the population of Camden.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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