Shasta County jail gets 60 new beds for $1 million – Sheriff calls it a great deal – I agree.
That’s $16,000 for what amounts to a single housing unit for someone who needs to get off the street.
Meanwhile the city of Chico spends a half million remodeling council chambers, staff excusing a $25,000 cost overrun because they hadn’t saved the chamber wiring diagrams and therefore had to “rip out walls” for a simple computer upgrade.
While we might actually see some benefits of less criminals on Chico streets from Shasta County jail reducing overcrowding, I have to wonder who benefits from the chamber remodel?
And meanwhile the pot holes get bigger and behind the scene they are scheming for tax increases. I wonder if they will try to sneak a tax increase on the Nov ballot at the last second. I think the economy is going to get worse after the election and it might be harder to pass a tax increase next year or the year after.
And maybe the bull market in stocks is coming to a close. It’s been a tough year for stocks and that’s bad news for CalPERs.
Mind-Boggling California Pension Crisis Gets Catchy Name ‘Silver Tsunami’
https://www.themaven.net/mishtalk/economics/mind-boggling-california-pension-crisis-gets-catchy-name-silver-tsunami-qC-4K6zJ9E28im5RDaNF4w/
Not sure why the guy who posted that didn’t understand the meaning of Silver Tsunami…It’s all the grey hair gooberment employees overwhelming the tax base with their pensions….and that has made me go prematurely grey!
yeah, that article scared the crap out of me.
The next generation has to learn something from all this or they are doomed. I was just talking to some friends of mine – none of our 20 -somethings are voting, they’re all disenchanted with the system. But have they come up with something better? We’ll have to see!
The suspense is killing me.
When the bureaucrats, politicians and the others on the gooberment teat tell us we have to have tax increases hopefully the voters will understand what Walters says…
“Rising pension costs are driving many cities to ask voters for sales tax increases this year, but they won’t be telling those voters the truth about why new revenue is needed, fearing candor would spark a backlash.”
Read more here: http://www.sacbee.com/opinion/california-forum/article209303974.html