Yeah, well the situation is that the state of CA and its cities never properly budgeted for the pension obligations they promised and now they're eating 10-20% of general funds around the Bay Area, crowding out the ability to spend $$ on *you guessed it* affordable housing....
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You can also, you know, read the city's five-year forecast. It's all there. https://sfcontroller.org/sites/default/files/Documents/Budget/Five-Year%20Financial%20Plan%20FY19-20%20through%20FY23-24%20FINAL.pdf …pic.twitter.com/LNi5UMK1hZ
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Or the city's civil grand jury report: http://civilgrandjury.sfgov.org/2016_2017/2016_17_CGJ_Final_Report_The_SF_Retirement_System.pdf …
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