I mean, the Lee moves kinda speak for themselves?
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I remember one of the last times this happened. SB400 in 1999. Peak of the stock market.https://www.latimes.com/projects/la-me-pension-crisis-davis-deal/ …
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Wasn't adequately funded. Today it now means that like $1 out of every $5 spent on school district teachers' payrolls has to go and backfill retirements. https://lao.ca.gov/Publications/Report/3873 …pic.twitter.com/tMzvuFLXsB
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Is this the cycle in all cities? Or all Californian cities with prop 13? Or all politically fragmented cities? One hopeful sign is how fast urbanist ideas are becoming mainstream. I’ve been shocked. Maybe holistic reform is really possible?
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