2018 a decisive year for reining in pensions
A great column by Jody Morales on the impact court rulings in 2018 might have for public pensions:
Many noted reporters and columnists proclaim that every new tax is a pension tax. We of Citizens for Sustainable Pension Plans agree.
The city of San Rafael is struggling to continue services without new taxes, but it seems both unlikely and impossible that they can do so.
The Transportation Authority of Marin is revving up to once again raise the sales tax cap.
The Marin Municipal Water District initiated rate increases to occur over the next few years, shifting pension costs onto its customers.
These are but a few local agencies turning to taxpayers to pay more to maintain an unsustainable system.
Whether or not our local agencies, including city councils and the Board of Supervisors, have the courage to put an end to ever-increasing taxes, rates and fees, coupled with reduction or elimination of services, is yet to be seen.
Read the rest at the MarinIJ.com website.
