Dilemma of all Bay Area cities. They all want the companies for the tax revenue to cover ballooning pension liabilities, but because of California's land-use & property tax system, the boom always gets absorbed by the existing property, land & homeowners & displaces the tenants.https://twitter.com/LibbySchaaf/status/973635071771947008 …
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It makes public entities less competitive for hiring? I don’t know anyone in the private sector getting pensions.
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But private sector jobs get paid a lot more in immediate salary....
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