CURRENTS Next Issue Mar 2018 _Currents copy | Page 9

Currents
March 2018
> continued from page 8
remember another name for a
Bond is Debt. Citizens need to
know that the City is already in
debt about $300 Million. If this
bond / debt is approved the city
will be about $650 Million in debt
(including about $160 Million the
City Pension Funds are under-
funded). In the year 2000 City
pension funds were 102% funded
under current administration City
pension funds are about 68%
funded - this is money owed to
city employees for their retire-
ment.
This Bond has a few worth-
while projects that the city is
using as window dressing to
entice voters in certain areas to
vote yes.
But, "Lets Hear the Rest of the
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