Gavin Newsom partnering with Chico for affordable housing on state property
“Randall Stone, the mayor of Chico, is welcoming the governor’s efforts which could help build much-needed housing locally, as the city has absorbed many displaced Camp Fire victims.”
Chico Taxpayers Association 
Important Walters article about bond measure transparency. The local crooks are getting the state crooks (i.e. politicians) to remove transparency.
This is something to watch as the city and CARD may demand a bond measure and certainly CUSD will at some point.
https://calmatters.org/articles/commentary/bond-issue-transparency-still-under-assault/
The amount owed to retirees accelerated faster than assets on hand despite a record bull market.
The amount owed to retirees accelerated faster than assets on hand despite a record bull market.
https://moneymaven.io/mishtalk/economics/despite-record-bull-market-pension-plans-in-miserable-shape-illinois-the-worst-tdyj4kma1kyu9no2pVv-2Q/
Here’s what gets me – I think we’re not on that list because over the last several years California cities and counties have been aggressively paying down their pension deficits behind the taxpayers’ backs. The city of Chico’s deficit has gone from about $190 million to about $130 million, just in the last 5 – 6 years, since Brian Nakamura was city manager. You’d have to comb through old budgets to see it, but I’d bet my last $5 that’s what you’d find.
I agree. If the politicians tell us the deficit has gone down it’s only because they’ve stolen more from roads and any other area were they can defer. The thing that caught my attention that article said is “…despite a record bull market.” I don’t see how a prolonged bear market can’t do anything but obliterate these pensions.
Hey I was just using that quote in a letter to the editor!
the number the city is also failing to report is the drastic increase in sales tax revenue the city has received since the fire
Good point – you remind me, they haven’t posted the new figures for property taxes either, even after complaining that the price of housing jumped.