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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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 threadThanks. Twitter will use this to make your timeline better. UndoUndo
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The bond got 64% support—-which should prevail in a democracy. But CA has Prop 13...
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