Tag Archives: CalSTRS going broke

The squeaky wheel might get the grease, but that’s not all it’s going to take to shut her up.

21 Dec

Debbie Presson sent me a note to say she’d had the report for the November 27 Finance Committee meeting amended to reflect the other questions I asked at the meeting, and the answers from staff. You can see that here:

Click to access 2012Minutes.pdf

The minutes for that meeting are posted there at the end of 2012.  

I also got a note from Brian Nakamura, with attached documents regarding the city’s share of CalPERS costs – yeah, it’s bad alright. You have to write to your council, and ask them what made them promise these outrageous packages in those closed door bargaining sessions they’ve held us out of for so long. Now we’re allowed to look at the contracts, sure – like a condemned prisoner stares out the cell window at the gallows. These idiots have put us on the hook for MILLIONS of dollars, a YEAR, in pension payments, more than the employees pay. And then there’s the “unfunded obligations” – that is on the agendas for the next six months! Nakamura is trying to spoon-feed us that manure, and I don’t know about you, but I’m spitting it out. 

We need to shut this city down.