Berkeley's spending is over 30% higher per capita than in San Jose and more than double that of Albany. Unfunded liabilities in 2021 amounted to $773 million, growing significantly by 2023 to $2.23 billion for infrastructure needs. By 2025, pension liabilities are anticipated to approach $1 billion. Current budget practices do not address these issues effectively. Cutting the budget is essential to mitigate growing debt and avoid impending bankruptcy. Additionally, there are broader societal concerns regarding political leadership and the impacts of policies on demographics, particularly involving immigration enforcement.
"One-time budget gimmicks do not resolve the serious structural budget issues in Berkeley. Skipping payments to the pension trust fund only increases debt. Berkeley needs serious budget cuts to pay down debt and avoid municipal bankruptcy."
"As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron."
Collection
[
|
...
]