According to the city’s own numbers at the end of August 2017 our net pension liability was $540,851,229.
Our water utility had another $43,921,002 that it will owe their pension fund.
Add to that another $59,380,465 that the city categorizes as “unpaid absences” or sick and vacation pay that has been earned but not paid out to the employees.
That comes to over half of one year’s budget that we will have to come up with eventually.
We deserve better