The people within CARD’s taxing authority had the good sense to vote down Measure A. It was a bad tax that would have resulted in $36 million in new debt. It was regressive, permanent and two of every three dollars they would have taken from you would have gone to Wall Street for interest and fees. What a waste of money! And of course, the special interests backed it with over $64,000.
And this tax was proposed because like the City of Chico, CARD refuses to reform its unfunded liabilities. For years CARD has sent millions to CalPERS for its crazy pensions that should have gone for maintenance, programs and new facilities. And this is happening in large part because board members such as Tom Lando receive ever increasing six figure pensions. In fact, Lando put up $6,000 to pass Measure L(ando)! TALK ABOUT A CONFLICT OF INTEREST! THIS SHOULD BE ILLEGAL!
When it comes to unfunded liabilities the City of Chico is in far worse shape than CARD. And even if the voters are stupid enough to pass their sales tax increase they will still send tax money that should go for roads and other essentials to CalPERS so bureaucrats can retire in their fifties with pensions worth multi-millions and Cadillac health plans.
VOTE NO ON THE CITY’S SALES TAX INCREASE IN NOVEMBER!
Letter: Don’t fall for the city council’s tax increase lie
April 29, 2019
In FY 2017-18 city revenues grew 7.4%. Director Dowell told the city council revenue growth is expected to continue. Yet Director Orme said the city has a revenue problem that requires tax increases. Despite increased revenue the city’s infrastructure continues to crumble.
Mayor Stone tells us city employee compensation costs will double in less than 10 years and CalPERs will devour 25% of the city’s budget by 2023. (And that assumes an unrealistically high CalPERS 7% return rate.) Stone admits this is unsustainable.
The obvious answer: pension reform.
Instead the city council is giving tens of thousands of your tax dollars to a PR firm to sell you a tax increase. Their pitch will be that the money is necessary to fund infrastructure and public safety. That’s a lie. It’s necessary because for years the city has put unrealistic pension promises ahead of everything else and the city council has no intention of changing that.
Other cities in California have taken the same approach. Instead of fixing the problem the result has been demands for even higher taxes.
Initial estimates indicate the city council’s tax increase would cost a family of four an extra $1200 a year. This in a county with a 21% poverty rate where city bureaucrats have pensions worth millions. It’s unconscionable.
This is how democracy fails. The people need to let the city’s politicians know loudly and clearly this will not be tolerated. Email firstname.lastname@example.org to voice your disapproval to the entire council.
— Dave Howell, Chico