Statement: “Take a peek at the Mayor’s 5 Year Outlook: For every $1 more the city will collect in tax revenues in next 5 years, 77 cents of it will immediately be diverted to the pension system,” City Councilman Carl DeMaio wrote on his Facebook page Feb. 9.
Analysis: We acted on DeMaio’s suggestion and took a peek at those numbers. As it turns out, he effectively overstated future pension system costs by tens of millions of dollars.
Fact Check: DeMaio Overstates Pension Boom
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