Are these water rate increases really going to fund pensions? (sales, 2015)

[1AngryTaxPayer]

That is what Carl was saying on TV this am.

[SDinsider]

You sound like one angry tax payer.

[kettlepot]

Because money is fungible some portion of the cash will fund pensions for water and wastewater employees. If the pensions for these employees weren't underwater, that money could have gone towards the capital projects and the rate increases could have been smaller. However, it's not so simple as a direct cash infusion from your water bill to the pension fund. I would call Carl DeMaio's statement 'truish' but not the whole picture.

[1AngryTaxPayer]

Originally Posted by SDinsider

You sound like one angry tax payer.

You wasted our time reading this and your time typing it. Thanks so much. I'd say the only ones not "angry" about this would be the employees.

Originally Posted by kettlepot

Because money is fungible some portion of the cash will fund pensions for water and wastewater employees. If the pensions for these employees weren't underwater, that money could have gone towards the capital projects and the rate increases could have been smaller. However, it's not so simple as a direct cash infusion from your water bill to the pension fund. I would call Carl DeMaio's statement 'truish' but not the whole picture.

Ya, it sounded like more of a "most" vs all but it also sounds like a way to force us to fund the pensions without a vote (like what is being proposed on the sales tax.)

[SDinsider]

Originally Posted by 1AngryTaxPayer

You wasted our time reading this and your time typing it. Thanks so much. I'd say the only ones not "angry" about this would be the employees.

You dont recognize the connection to your screen name? You know..humor? Oh well.

[esmith143]

I'd say the only ones not "angry" about this would be the employees.

You mean retirees?

[1AngryTaxPayer]

Originally Posted by SDinsider

You dont recognize the connection to your screen name? You know..humor? Oh well.

Sorry, I guess I need a

[1AngryTaxPayer]

Originally Posted by esmith143

You mean retirees?

I don't think they are going to touch the current employees deal much. At least not enough to make a difference in the debt?

[Huckleberry3911948]

americans demand high grade well educated quick efficient courteous service and they want it cheap if not free.
most hated creatures on earth are now retirees from civil service, teachers cops and social workers. when you demanded that we deal with all your garbage-- you hated paying us, when we finished out 30 years w/o dropping dead from stress, you still dont wana pay us. americans, the people that love to sign for stuff, but hate to pay for stuff.
when you have slain the dragon
the village does not in fact turn out to cheer
and the beautiful princess does not in fact fall in love with you.