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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From 8% down to 7% maybe? In an a mature economy delivering 2-3% annually at best.pic.twitter.com/G1T4EwDFdG
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It’s more that mayors wake up and they’re like Holy F— we’re gonna be running close to $1B deficits every year in 10 years, and then they cut a deal w Google for office space to stabilize their future tax revenues, which screws tenants but keeps the city solvent & retirees paid.
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