The sad thing is that Loren Taylor who should have known better, and Charlene Wang in D2 who doesn't know better, picked up Tim's suggestion of several months ago that the city could refi our massive debt to CALPERS for our pension obligation underfunding at a lower rate than CALPERS charges us.
If that was even feasible months ago, it sure isn't now when it's obvious that our elected officials are incapable of the fiscal discipline to make the permanent cuts needed and changing priorities to make this city attract more tax paying businesses etc. And when the Federal cuts coming for cities will push a whole bunch of other cities into trying borrow money to pay operating costs.
Recent Chron article on housing bonds not issued because of credit rating concerns:
Yes, Harold Lowe, Kanitha Matoury, and Rev. Kenneth Anderson were all invited to participate. We published the responses we received. If any of them would still like to contribute their priorities, we will add them to this post.
The sad thing is that Loren Taylor who should have known better, and Charlene Wang in D2 who doesn't know better, picked up Tim's suggestion of several months ago that the city could refi our massive debt to CALPERS for our pension obligation underfunding at a lower rate than CALPERS charges us.
If that was even feasible months ago, it sure isn't now when it's obvious that our elected officials are incapable of the fiscal discipline to make the permanent cuts needed and changing priorities to make this city attract more tax paying businesses etc. And when the Federal cuts coming for cities will push a whole bunch of other cities into trying borrow money to pay operating costs.
Recent Chron article on housing bonds not issued because of credit rating concerns:
"๐๐ฎ๐ฟ๐ผ๐น๐ฑ ๐๐๐ณ๐ณ๐ฒ๐, ๐ฎ๐ป ๐ฎ๐๐๐ถ๐๐๐ฎ๐ป๐ ๐ฐ๐ถ๐๐ ๐ฎ๐ฑ๐บ๐ถ๐ป๐ถ๐๐๐ฟ๐ฎ๐๐ผ๐ฟ, ๐๐ต๐ผ ๐๐ฝ๐ผ๐ธ๐ฒ ๐ฎ๐ ๐๐ต๐ฒ ๐บ๐ฒ๐ฒ๐๐ถ๐ป๐ด ๐ง๐๐ฒ๐๐ฑ๐ฎ๐, ๐๐ฎ๐ถ๐ฑ ๐๐ต๐ฒ ๐ฑ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ฏ๐ผ๐ป๐ฑ ๐ถ๐๐๐๐ฎ๐ป๐ฐ๐ฒ ๐๐ฎ๐ ๐ฑ๐๐ฒ ๐๐ผ ๐ฐ๐ผ๐ป๐ฐ๐ฒ๐ฟ๐ป๐ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ฒ ๐ฐ๐ถ๐๐โ๐ ๐ฑ๐ผ๐๐ป๐ด๐ฟ๐ฎ๐ฑ๐ฒ๐ฑ ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐ฟ๐ฎ๐๐ถ๐ป๐ด ๐ฑ๐๐ฒ ๐๐ผ ๐ถ๐๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐ฟ๐ผ๐๐ฏ๐น๐ฒ๐, ๐๐ต๐ถ๐ฐ๐ต ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐๐ต๐ฒ ๐ฐ๐ถ๐๐โ๐ ๐ฏ๐ผ๐ฟ๐ฟ๐ผ๐๐ถ๐ป๐ด ๐ฐ๐ผ๐๐๐, ๐ฏ๐๐ ๐๐ต๐ฎ๐ ๐ฐ๐ถ๐๐ ๐๐๐ฎ๐ณ๐ณ ๐ฎ๐ฟ๐ฒ ๐๐ผ๐ฟ๐ธ๐ถ๐ป๐ด ๐ผ๐ป ๐ฎ ๐ฝ๐ผ๐๐๐ถ๐ฏ๐น๐ฒ ๐ฏ๐ผ๐ป๐ฑ ๐ถ๐๐๐๐ฎ๐ป๐ฐ๐ฒ ๐น๐ฎ๐๐ฒ๐ฟ ๐๐ต๐ถ๐ ๐๐ฒ๐ฎ๐ฟ."
I support Harold Lowe in part because he understands fiscal realities such as this.
https://www.sfchronicle.com/eastbay/article/oakland-tax-street-improvements-nothing-happened-20239991.php?fbclid=IwY2xjawJQcrlleHRuA2FlbQIxMQABHY3swkCAVB2lgwBSXXyRfeLUvn-ui1ERmLScbkupGpRRnLchDerELbSm5w_aem_tzPQxKTKMw-t1WfZjKPlnw
This is a great format. I hope Oakland Report will continue to do this for the other City Council seats as they come up.
Did Harold Lowe decline to participate? Was he invited to participate? If not, why not?
Yes, Harold Lowe, Kanitha Matoury, and Rev. Kenneth Anderson were all invited to participate. We published the responses we received. If any of them would still like to contribute their priorities, we will add them to this post.