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Gee whiz, somebody has notice that organizations forcing workers to pay bribes is the reason government costs have risen in San Fran.
"Skyrocketing employee costs will deal a $100 million blow to San Francisco coffers next fiscal year despite wage concessions.
Pensions rank among the most escalating labor costs for San Francisco. Less than a month after voters rejected Proposition B, which would have increased employees’ pension contributions, a $379.8 million deficit projection was released this week. It shows The City’s annual pension investment will grow by $37.1 million next fiscal year.
The labor costs — salaries, health benefits and pensions — will force government expenditures to increase by $101.1 million in the fiscal year that begins July 1, according to data from Mayor Gavin Newsom’s budget office. Labor costs are one-third of The City’s projected $293.4 million of increased spending for the upcoming fiscal year. Also, San Francisco officials project a loss of $86.4 million in revenue."
Remember, it was money stolen from workers that was used to elect almost all of the Board of Supervisors. So the Board is paying back their owners.
Only bankruptcy and criminal charges will save the people of San Fran. Until then organized crime owns the city.
More...
"Skyrocketing employee costs will deal a $100 million blow to San Francisco coffers next fiscal year despite wage concessions.
Pensions rank among the most escalating labor costs for San Francisco. Less than a month after voters rejected Proposition B, which would have increased employees’ pension contributions, a $379.8 million deficit projection was released this week. It shows The City’s annual pension investment will grow by $37.1 million next fiscal year.
The labor costs — salaries, health benefits and pensions — will force government expenditures to increase by $101.1 million in the fiscal year that begins July 1, according to data from Mayor Gavin Newsom’s budget office. Labor costs are one-third of The City’s projected $293.4 million of increased spending for the upcoming fiscal year. Also, San Francisco officials project a loss of $86.4 million in revenue."
Remember, it was money stolen from workers that was used to elect almost all of the Board of Supervisors. So the Board is paying back their owners.
Only bankruptcy and criminal charges will save the people of San Fran. Until then organized crime owns the city.
More...