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Erie County, Pennsylvania, has an unfunded liability of $9.7 million, according to line 7 of section 2.5 of their 2018 annual report. The annual required contr

Erie County, Pennsylvania, has an unfunded liability of $9.7 million, according to line 7 of section 2.5 of their 2018 annual report. The annual required contribution is a mere $4.3 million Their pension is 99% funded. I don't know why you'd bring it up, since it is unrelated to the article. Fixing pensions won't change the fact that neglectful landlords get rewarded under the current taxation scheme.

patio11 8y ago
The City of Erie, Pennsylvania, is the Erie on the hook for fire and police pensions. https://www.paauditor.gov/media/default/MunPenReporting/RPT_2016_MuniPension_STATUS_REPORT_Dec2016_FINAL.pdf https://www.paauditor.gov/media/default/MunPenReporting/RPT_... Why bring it up? Because cities are special purpose vehicles to fund police/firefighter pensions which have a side hustle in providing civic infrastructure. That's quite relevant to the question of why costs are increasing (because politically powerful people got placated), whether investments in infrastructure will reduce costs (strictly impossible), and whether property developers are to blame for underfunded infrastructure (they do not receive checks from the city every month).
- freddie_mercury 8y ago
  That seems like just some random place not mentioned in the article? The article mentionedthe county of Erie. And the quote wasn't about any city in particular, just about generic "many older cities". The city of Erie didn't come up in the article.
  - UncleEntity 8y ago
    > The city of Erie didn't come up in the article. "Joshua Vincent’s piece on land taxation in Pennsylvania examines relative tax rates in Erie County, Pennsylvania, finding that property owners in the city of Erie proper pay close to double the taxes that those in many of Erie's suburbs pay."
theobeers 8y ago
Unfunded pension liabilities are absolutely related, as they represent part of the "vicious cycle" described in the article. Both Erie County and the city of Erie are mentioned. The comment to which you replied was referring to the latter.

patio11 8y ago

The City of Erie, Pennsylvania, is the Erie on the hook for fire and police pensions. https://www.paauditor.gov/media/default/MunPenReporting/RPT_2016_MuniPension_STATUS_REPORT_Dec2016_FINAL.pdf https://www.paauditor.gov/media/default/MunPenReporting/RPT_... Why bring it up? Because cities are special purpose vehicles to fund police/firefighter pensions which have a side hustle in providing civic infrastructure. That's quite relevant to the question of why costs are increasing (because politically powerful people got placated), whether investments in infrastructure will reduce costs (strictly impossible), and whether property developers are to blame for underfunded infrastructure (they do not receive checks from the city every month).

freddie_mercury 8y ago
That seems like just some random place not mentioned in the article? The article mentionedthe county of Erie. And the quote wasn't about any city in particular, just about generic "many older cities". The city of Erie didn't come up in the article.
- UncleEntity 8y ago
  > The city of Erie didn't come up in the article. "Joshua Vincent’s piece on land taxation in Pennsylvania examines relative tax rates in Erie County, Pennsylvania, finding that property owners in the city of Erie proper pay close to double the taxes that those in many of Erie's suburbs pay."

theobeers 8y ago

Unfunded pension liabilities are absolutely related, as they represent part of the "vicious cycle" described in the article. Both Erie County and the city of Erie are mentioned. The comment to which you replied was referring to the latter.