By Jorge Casuso April 23, 2019 -- Facing an unfunded pension liability of some $448 million that could "balloon," the City should immediately escalate the payments it currently makes using general fund money, Santa Monica's top finance official said Monday The payments would be "over and above" the approximately $52 million annual contribution Santa Monica is required to make to CalPERS, California's Public Employee Retirement System. In her report to the City Council, Finance director Gigi Decavalles-Hughes said the City should pay $16.6 million, instead $2.6 million, in its upcoming 2019-21 Biennial Budget to help pay down the debt. The money would come from "General Fund reserves and reallocations of existing budget," she said.This is Santa Monica coming to collect for past voting. The state in Sacramento as well as the Swamp are all on the hunt for taxes past due, voted but unfunded obligations, about a hundrerd grand per capita, or a new family house no longer.
I propose the Unvote, put it back the way it was before I voted..
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