Running exactly in place against our unfunded pension obligations. (No, seriously, this is why SF doesn’t have to cannibalize as much of its existing services as other California city governments.)https://twitter.com/mr_james_c/status/1106244137765031937 …
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BTW, if it wasn't for irresponsible unfundable promises by politicians for pension returns, there would be substantially less allocated to VC. True story.
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I actually don’t know about that. We’ve been lowering the expected rate of return ever so slightly.
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