Well it has come out that the City has under funded pensions for retirees to the tune of $1.1 billion dollars. This money is to be paid from the general fund. In order to pay the $35 million per year (for what 20 years?) they planned on doing at the end of last year, the city will either have to increase taxes or put more special levies on the ballot (libraries, seawall, etc.) in order to get more money into the general fund to make this obligation. This amounts to $3800 per household in Seattle.
And yes, the city is going to take $200 million from the general fund for the Arena knowing full well they have this obligation to the pension fund. I imagine some of that library levy money will fill this hole.
So -- GI -- do have an extra $3800 you can spare for my share since you are so agreeable with any levy or tax increase the city proposes? I live alone -- you probably have a family so your actual share is probably less than mine.
The city wants to give $200 million for a stadium so