Interesting that the estimated $235M in increased rents to tenants from bringing in 20K tech workers to San Jose is almost as much as the $339M/yr the city spends on unfunded pension liabilities for former employees who no longer work there. https://sanjosespotlight.com/san-jose-pension-plans-unfunded-liability-expected-to-soar/ …https://twitter.com/wpusanews/status/1138861019307040770 …
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Oh and did I mention that San Jose voters themselves dropped the ball on passing a $450M affordable housing bond last year? (Affordable housing is always great, as long as someone else pays for it and it’s not near me, naturally!)https://sanjosespotlight.com/san-jose-mayor-eyes-second-chance-for-affordable-housing-measure/ …
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To be fair, as
@beyondchron points out, this is because the voter threshold is impossibly high at 2/3s rather than simple majority because of Prop. 218/13.Show this thread
End of conversation
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