2 ms·
They sold the rights to the revenue. They sold a dollar tomorrow for a penny today.
by nkrisc 10mo ago
They sold the rights to the revenue. They sold a dollar tomorrow for a penny today.
- lotsofpulp 10mo agoThe street parking deal is chump change. Government’s routinely pay government employees with underfunded defined benefit pensions and retiree healthcare for a penny today. Especially Chicago and Illinois (multiple standard deviations above the norm). I’m pretty sure they sold the street parking because of the underfunded obligations to previous employees. These reports go further in depth, with comparisons to other governments: https://www.truthinaccounting.org/resources/page/state-reports https://www.truthinaccounting.org/resources/page/state-repor... https://www.truthinaccounting.org/resources/page/city-reports https://www.truthinaccounting.org/resources/page/city-report...