When SF voters approved a $298 parcel tax last month to generate $50M/year to presumably raise teacher salaries, https://ballotpedia.org/San_Francisco,_California,_Proposition_G,_Parcel_Tax_for_the_San_Francisco_Unified_School_District_(June_2018) … they didn't know that that number doesn't even cover annual contributions on SFUSD's unfunded pension liabilities http://www.sfusd.edu/en/assets/sfusd-staff/FY%2016-17%20ANNUAL%20AUDIT%20REPORT.pdf …https://twitter.com/Calefati/status/1021103062264532995 …
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I still think that my original assessment stands, which is that elected leaders keep kicking cans down the road, promising benefits to teachers/voters without honestly communicating the costs necessary to fully fund those retirement benefits without cannibalizing future services
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Yea for sure. Funding teacher retirement plans is a worthy thing to do though, maybe it is like how we lie and say transit is going to reduce traffic, we should raise funds for pensions by saying it will go towards teacher salaries.
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