The bad news delivered last evening to the Sacramento City Council is dire: Sacramento has nearly $2 billion in unfunded liabilities, which include pension contributions and retiree medical benefits, most of which have no reliable or stable funding source, as well as excessive bond and lease payments on public projects - Katy GrimesThen there is this:
If Sacramento builds a new downtown arena for the Kings, how much will the public wind up paying for it? The answer: It depends on who's counting. Sacramento city officials say the term sheet they recently negotiated with the prospective arena developers puts the city investment at $258 million – about 58 percent of the building's estimated $448 million cost. Sac Bee
This is Darrell Steinberg's district, he is a big fan of all this. What is our idiot Brown going to do? He will go ahead and approve all the law Sacramento needs to hang itself. But Darrell Steinberg cannot even compare these two issues, he is that illiterate. If the citizens of Sacramento are this stupid, then I can see why Darrell get re-elected. Voters of the nation, when California politicians from Sacramento come begging for DC goodies, tell them to fuck off.
1 comment:
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