Posts Tagged ‘Redwood City’

Dave Price, co-founder and Editor of mid-peninsula’s Daily Post, is my new hero.

He’s written pieces in the past such as, “Remember When Government Was Frugal?” (July 9, 2018).

I just read today’s opinion piece, “We’ve Got Lots Of Money And Need More!”

It’s about how Redwood City is rolling in surplus cash… yet, City Manager Melissa Stevenson Diaz (who makes a healthy $280K a year), apparently is pleading poverty by trying to put a sales tax increase on the upcoming ballot.

What?!

The city has banked an almost $60m SURPLUS over the last two fiscal years — with most likely another healthy surplus coming in this fiscal year.

In other words, Redwood City is most likely sitting on about TEN TIMES what the potential tax hike would raise.

Worse, the city administration is trying to pull the wool over residents eyes by saying the tax increase will be necessary “to maintain rapid 911 emergency response times.”

Poppycock.

The TRUTH is that the extra $’s ARE NOT for current services and salaries, but rather, to FUND OUTRAGEOUS PENSION PROGRAMS…

… namely, that employees retiring at age 50 get 90% of their salary as a pension.

Wow.

Yes, that means that Ms. Melissa will get over $250K per year in pension.

I understand RWC needs to offer competitive salaries and performance bonuses, but I can tell you firsthand Silicon Valley doesn’t dole out CRAZY pensions like that…

… because no responsible business would ever saddle itself with that kind of CRAZY FUTURE DEBT.

But our city governments seem to do just that.

And they’re using the scare tactics of “less emergency services like police and fire” to get votes.

And they’re doing that because, as Dave Price said in his article, imagine how the vote would go if people knew the REAL REASON… paying irresponsible boondoggle pensions.

I’d vote against it in a heartbeat.

The next downturn is going to be brutal for city governments that have been kicking-the-can down the road… seemingly like Redwood City has been doing.

You would think they would have learned something from the last great downturn that we had just a few short years back.

(Thank you, Dave Price, for bringing this issue to light.)

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