SF has $5.8B in unfunded pension liabilities. http://civilgrandjury.sfgov.org/2016_2017/2016_17_CGJ_Final_Report_The_SF_Retirement_System.pdf … It will run >$700M deficits in 3 yrs to keep up w/ this obligation that it can’t renege on. http://sfcontroller.org/sites/default/files/Documents/Budget/Joint%20Report%20FY%202018-19%20through%20FY%202021-22%20FINAL.pdf … Growth lets the city tread water w this & not have liabilities cannibalize everything else.https://twitter.com/eean/status/992406992248389637 …
-
-
That's still an improvement over Cleveland though. SF could grow if people would get out of the way. SF (or really, Texas) funds that growth by cannibalizing the American Midwest and rural Northeast. They're completely screwed.
-
This Tweet is unavailable.
- 6 more replies
New conversation -
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.