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 …
-
-
Lotta myths to bust in this thread but I will say that what you all are specifically discussing is crazily complicated by sprawl here.
-
Oh no, Sprawl also lets you outrun the pensions in place that don't do it at a state level like Calpers does. Your exurb was founded 20 years ago and grew 2000% since then, your suburb was founded 60 years ago. Which one has a pension problem?
- 2 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.