I forwarded the article from the Sacramento Bee that I posted here yesterday
http://www.sacbee.com/news/business/article128942009.html
to Chico Unified School District Finance Director Kevin Bultema, asking how the failure of California Teachers Retirement System would affect our school district. He responded,
Good afternoon Ms. Sumner,
This has been one of the key budget issues facing CUSD. The recent downward adjustments in CalSTRS estimated investment earnings is adding additional pressure to employer contribution rates in future years. Employees did have a small increase in their contribution rate in 2015-16 from 10% to 10.25%. The employer contribution rate has increased since 2015-16 and is projected to increase each year through 2020-21. We discuss the financial impact of the projected PERS and STRS rates at every budget presentation. Below is a slide we include in all of our budget presentations to keep our board and the community informed of this issue. I hope this helps answer your question. Have a great evening.
Bultema ran the Measure K campaign, but gee Beav, none of this stuff came up in his Argument For, nor in the rebuttal to my argument, where he and Mark Sorensen chastised me for not getting it.
Maureen Kirk told me she was supporting Measure K because “The more I looked into it, I came to the conclusion that the schools really need our help and support. This does not support retirement and benefits and directly helps the students.”
I wrote to Kirk and Sorensen and chastised them for their support of Measure K, forwarding Bultema’s e-mail with the link to the Sac Bee. I hope you will do same:
mkirk@buttecounty.net
mark.sorensen@chicoca.gov
The rebuttal to my argument against Measure K claimed I didn’t “get it.” Well, do you get it now Mark? Here Kevin Bultema admits, CalSTRS has been failing, but nobody mentioned that during the Measure K campaign. It’s all about the kids, huh Maureen? Just in case you don’t read The Bee, I included a link to the article I had referenced to Bultema, although I know Mark already knows exactly what’s going on. Sincerely disgusted, Juanita
Kirk and Sorensen are both up in 2018. Where can we find suitable replacements?
Meanwhile, another thing to remember, Chico Area Recreation District has hired the same consultant to run their bond/assessment campaign, so be ready for LIES LIES LIES.
Chico Taxpayers Association 