If you actually attended budget hearings for the department, you would actually hear from the horse's mouth that this is one of their main issues in increasing spending and FTEs.
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....
-
-
This Tweet is unavailable.
-
well actually, the more public pension funds structurally underperform what the public asks them to do, the more capital they deploy to riskier investments like private equity. https://www.wsj.com/articles/calpers-wants-to-double-down-on-private-equity-11552834800 …
- 1 more reply
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.