3 ms·

Read the article: $10B is the budget, $250M is the amount of that that isn't funded, it's still a big hole, but 40 times smaller - please change the header abov

• deleted 9y ago
  [deleted]
• avalys 9y ago
  No, there’s a $250M deficit annually, and a total of $10B in future liabilities. Coincidentally, that is the same amount as the entire annual budget. But $10B is the right number.
  • danielvf 9y ago
    "Using the official numbers, San Francisco is $10 billion in the hole ($4.2 billion of health care liabilities, plus $5.8 billion of pension liabilities)." Then later, he estimates that the actual amount is approximately twice that, since the official ten billion figure is based over optimistic assumptions.
    • kaennar 9y ago
      He states that it could be twice that not that the actual amount is that value. He was stating that the 7.5% return they wanted is not likely, that 6.5% is much more likely, and that he wouldn't be surprised if the return was less than that 6.5%.
• lph 9y ago
  $10B is the sum of health care and pension liabilities. This is the hole referred to by the title.