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The city of St Louis is going to get $500M+ out of the

Posted on: April 8, 2021 at 05:00:30 CT
Bulldog Bob Brown STL
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1.9T dollar bill.

It has dramatically underfunded pension liabilities.

There is nothing that will prevent them from taking that $500M and spending it on "approved" uses.

There is also nothing that will prevent them from passing legislation in the city that moves current local tax collections used for funding those "approved uses" and diverting it to other uses, like shoring up pension plans. Whether you want to believe it or not, they use general revenue to fund parts of their bloated city employee, firefighter and police pension funds liabilities.

Yes, they'll be able to point to a accounting entries and say this is how we used the 500M. That will be the end of the forensics on how the money was really spent.

Edited by Bulldog Bob Brown at 05:01:21 on 04/08/21
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     Peanuts... - TigerMatt - 4/7 19:28:37
     Gvmt is a scam - pickle MU - 4/7 18:55:45
          Yes, agreed. nm. - MUTGR MU - 4/7 21:07:45
          Except that pensions were not the primary purpose of the - SparkyStalcup MU - 4/7 18:55:11
               Do you believe in the concept that money - Bulldog Bob Brown STL - 4/7 19:25:51
                    Of course it is. It can be exchanged for assets of the same - SparkyStalcup MU - 4/7 19:35:10
                         Good. Do you think in its fungibility a state - Bulldog Bob Brown STL - 4/7 19:44:25
                              Are pension liabilities and typical expenses like assets - SparkyStalcup MU - 4/7 20:39:52
                                   "Prohibits state aid funds to be used to pay pensions" - Bulldog Bob Brown STL - 4/8 04:44:51
               RE: Except that pensions were not the primary purpose of the - scan MU - 4/7 18:57:22
                    State budgets were strained a lot because of unemployment - SparkyStalcup MU - 4/7 19:08:16
                         RE: State budgets were strained a lot because of unemployment - scan MU - 4/7 19:38:32
                              Actually, the bill specifically prohibits the funds from - SparkyStalcup MU - 4/7 20:42:57
                                   The city of St Louis is going to get $500M+ out of the - Bulldog Bob Brown STL - 4/8 05:00:30
     I read somewhere that there are retired HS superintendents - MU-TULSA MU - 4/7 18:50:35
          AR allowed teachers to retire at 75% of max pay - tigerinhogtown STL - 4/7 19:14:49
          The Columbia Public Schools superintendent makes 220k. That - SparkyStalcup MU - 4/7 19:11:57
          Not that is a good thing but its better than - JG MU - 4/7 18:52:02




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