You know that half of @sf_hsh's budget already goes to permanent supportive housing for an additional 6,000 units right?
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many Bay Area municipalities are in the bizarro situation of having record tax revenues while also simultaneously having to make cuts because the retirements were never properly budgeted upfront.https://www.paloaltoonline.com/news/2019/03/04/despite-growing-revenues-palo-alto-braces-for-budget-cuts …
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Growing tax (and other) revenues are funding about 50% of Palo Alto's unfunded pension and benefit liabilities, but we're taking the pro-active step of addressing the other 50% by using a more accurate CalPERS discount rate (6.2 vs 7) and accounting for that structurally.
End of conversation
New conversation -
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Sort of. If you're only increasing homelessness spending, but not meaningfully addressing the rental affordability, housing shortage situation, you're still not fixing the pipeline to homelessness.
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We have to find a way to cut pensions. It’s not sustainable
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