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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2019
    • Report Tweet
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    Kim-Mai Cutler Retweeted Heather Knight

    Remember that unlike San Jose and Oakland, SF doesn't have to spend 20% of its general fund on retirements for people who no longer work there because it has so many business HQs to generate tax revenue to offset pension liabilities and it's also a city-county.https://twitter.com/hknightsf/status/1134563915621265408 …

    Kim-Mai Cutler added,

    Heather KnightVerified account @hknightsf
    San Francisco’s annual budget soars to record-breaking $12.3 billion. So now our streets will be sparkling clean, we’ll build lots of new affordable housing and Muni will always run on time. Right?! 😉 https://www.sfchronicle.com/politics/article/SF-s-budget-to-soar-by-10-percent-to-12-3-13911737.php …
    Show this thread
    2:18 PM - 31 May 2019
    • 5 Retweets
    • 40 Likes
    • Joyce Park Kelsey Piper Andrew Sang Josh Levinger Aron Roberts Alex Steffen michael woods Mark "Prop 15 Is Life" Mollineaux 🦀🔰🕊🌹🌐 Ryan Natividad
    4 replies 5 retweets 40 likes
      1. New conversation
      2. Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2019
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        That said, we are slated to run $644 million deficits in five years! https://www.sfchronicle.com/bayarea/article/SF-taking-steps-to-avoid-projected-future-budget-13509714.php …

        2 replies 0 retweets 8 likes
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      3. Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2019
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        But hey, at least we aren't Oakland (left) or San Jose (right), which still doesn't have the same headcount or staffing levels that it did from almost 20 years ago because of pension liabilities. https://sanjosespotlight.com/san-jose-pension-plans-unfunded-liability-expected-to-soar/ …pic.twitter.com/69lv7f7buZ

        3 replies 0 retweets 11 likes
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      4. End of conversation
      1. New conversation
      2. Deng-Kai Chen‏ @dengkai 31 May 2019
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        Replying to @kimmaicutler

        My understanding is that while SFERS isn't in as bad shape as other pension funds, it's still underfunded by a decent margin? So theoretically while there's a surplus, it could easily be used up if SFERS was 100% funded, like it was prior the recession?

        1 reply 0 retweets 2 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2019
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        Replying to @dengkai

        we have $4-5B in unfunded liabilities and then another $5 in unfunded healthcare liabilities or OPEB, but we're not in as bad shape as literally everywhere else.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. peter panopticon‏ @vigneshr4m 1 Jun 2019
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        Replying to @kimmaicutler

        The replies 😱

        1 reply 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Jun 2019
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        Replying to @vigneshr4m

        Oh I think I can’t see the replies.

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      4. End of conversation
      1. Eric Kingsbury‏ @ericmkingsbury 31 May 2019
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        Replying to @kimmaicutler

        It’s really too bad we can’t just provide people with free, high quality housing in the communities they work in while they work there instead of, you know, retirement payments we never fully fund and/or cannot afford.

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