Now it’s “many displaced Camp Fire victims” – they don’t have any numbers, they’re just making it up to get the money

7 Responses to “Now it’s “many displaced Camp Fire victims” – they don’t have any numbers, they’re just making it up to get the money”

1. 

   bob April 14, 2019 at 1:12 pm #

   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/

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2. 

   bob April 15, 2019 at 8:39 am #

   
   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/

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     Juanita Sumner April 15, 2019 at 8:57 am #

     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.

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       bob April 15, 2019 at 4:13 pm #

       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.
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       Juanita Sumner April 15, 2019 at 4:17 pm #

       Hey I was just using that quote in a letter to the editor!
3. 

   leonard April 17, 2019 at 7:02 am #

   the number the city is also failing to report is the drastic increase in sales tax revenue the city has received since the fire

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     Juanita Sumner April 17, 2019 at 7:19 am #

     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.

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