City could go deeper into debt

Published: Sunday, Feb. 2, 2014 - 12:02 pm
Last Modified: Monday, Feb. 3, 2014 - 12:37 pm

Re "Retiree benefits sink city in debt" (Our Region, Feb. 2): Sacramento City Manager John Shirey has criticized past city councils for their mistakes in not fully funding retiree benefits, putting the city in the position of having more than $500 million in unfunded liabilities.

So what does the current city council want? It wants to spend $258 million, and probably more when it all shakes out, to pay for a new downtown arena for millionaire players and billionaire owners.

What could possibly go wrong with this idea?

-- George Penter, Sacramento

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