There are always trade-offs! Want 100% affordable? It will eat half the bond.pic.twitter.com/4EVjz1qVqT
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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There are always trade-offs! Want 100% affordable? It will eat half the bond.pic.twitter.com/4EVjz1qVqT
"there are always tradeoffs"-- some wise housing sage one time
Kim-Mai Cutler Retweeted Kim-Mai Cutler
Want 33% affordable cross-subsidized by a wild jobs-housing imbalance? It will be done on the back of Oakland's rental market!https://twitter.com/kimmaicutler/status/1148658286666739713 …
Kim-Mai Cutler added,
evergreenpic.twitter.com/CGlvQSXlBw
You do realize that everytime the city/state doesn’t adequately fund something upfront, it then sets itself up to become more structurally dependent on HNW individuals, business and capital later.
thankfully HNW individuals, business and capital don't spend gobs of money fighting modest taxation
Like everytime public sector comp goes up and isn’t adequately funded, more capital — not less — gets put to work in high risk, high yield forms of investmenthttps://www.institutionalinvestor.com/article/b1dlj28r8n7qd9/CalPERS-Moves-Forward-on-Private-Equity-Revamp …
Last I looked at the numbers SFUSD has a pretty low per-pupil budget (it was well below LA)
of course we were all going to vote for Prop G, duh. But they could literally not answer how much was definitively going toward raises vs. paying off the pension liability. Spoiler: the annual costs are larger than the $50M/year they were asking for. http://www.sfusd.edu/en/assets/sfusd-staff/FY%2017-18%20ANNUAL%20AUDIT%20REPORT.pdf …pic.twitter.com/d0xx2MLICN
basically, districts across the state are strapped (hence teachers' strikes) bc CalSTRS changed its formula for district contributions in 2014. It's like almost 20 cents on the dollar now or something like that.https://www.calstrs.com/calstrs-funding-plan …
and that effectively crowds out what they can offer new teachers in terms of comp.
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