Demands are overtaking needs of the city
On January 5, while Chico City Council prepared for another closed meeting, Shasta County Supervisors Les Baugh and Pat Jones opened their meeting to the public. Residents were invited inside to redress their grievances, no mask required.
Meanwhile, Chico City Council and staff continue to hold the public out while they discuss their Pension Obligation Bond. It’s hard to believe we have a “conservative” majority on our council — 5 people voting unanimously to raise taxes? Without voter approval?
That’s right, the consultant reports this bond requires no voter approval. This bond, he explained, requires only “judicial validation”, a purely administrative process. In fact, the consultant assured council, “they all get approved, it’s just a matter of time.”
Staff reports the UAL has grown 43% over 5 years, even while making bigger payments toward the deficit every year, this year over $11 million. Staff blames poor CalPERS investment returns, but the real reason is drastically unrealistic employee shares, just 9 — 15%, for pensions of 70 — 90% of salary. The situation is exacerbated by incredibly generous salaries, including three new hires in the last year at salaries over $100,000.
The payments for both CalPERS and the bond service will be appropriated by percentage from all city funds. But POB revenues are restricted to paying the UAL, because, as finance director Scott Dowell has said, “otherwise we’d be tempted to spend it on needed things …” He means, infrastructure maintenance and public safety — the needs of the citizens.
Employee demands have officially superseded the rights and needs of the public.
— Juanita Sumner, Chico