NYC budget: 20% on pensions, 10% on interest payments
| Titillating navy theater stage party of the first part | 10/27/15 | | Stimulating Cruise Ship | 10/27/15 | | buff alpha | 10/27/15 | | Stimulating Cruise Ship | 10/27/15 | | buff alpha | 10/27/15 | | Stimulating Cruise Ship | 10/27/15 | | buff alpha | 10/27/15 | | Maize fragrant antidepressant drug roommate | 10/27/15 | | Plum gas station | 03/16/18 | | Stimulating Cruise Ship | 03/16/18 | | Plum gas station | 03/16/18 | | Stimulating Cruise Ship | 03/16/18 | | big sandwich round eye | 03/21/18 | | Vigorous coldplay fan | 03/21/18 | | flesh balding principal's office wagecucks | 03/21/18 | | flesh balding principal's office wagecucks | 03/21/18 | | Lascivious embarrassed to the bone boiling water site | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | Snowy bat-shit-crazy theater | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | shaky ticket booth jap | 10/27/15 | | Maize fragrant antidepressant drug roommate | 10/27/15 | | bearded well-lubricated ape | 10/27/15 | | cocky native | 10/27/15 | | rusted orchestra pit | 10/27/15 | | mewling roast beef national security agency | 10/27/15 | | Vigorous coldplay fan | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | aquamarine nibblets | 03/21/18 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | rusted orchestra pit | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | mewling roast beef national security agency | 10/27/15 | | 180 disgusting address | 10/27/15 | | offensive vibrant cuck stag film | 10/27/15 | | buff alpha | 10/27/15 | | rusted orchestra pit | 10/27/15 | | buff alpha | 10/27/15 | | metal exciting hell | 03/16/18 | | Stimulating Cruise Ship | 03/16/18 | | big sandwich round eye | 03/16/18 | | cerebral hideous temple water buffalo | 03/16/18 | | cream idiotic striped hyena | 03/16/18 | | emerald odious knife area | 03/16/18 | | cream idiotic striped hyena | 03/21/18 |
Poast new message in this thread
Date: October 27th, 2015 4:39 PM Author: Titillating navy theater stage party of the first part
20% on "social services." only 12% on police, transportation, and public housing, combined.
http://www.ibo.nyc.ny.us/iboreports/understandingthebudget.pdf
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053441) |
|
Date: March 16th, 2018 9:56 AM Author: Stimulating Cruise Ship
bingo.
hell, even look on a smaller scale at individual towns and school budgets. long term obligations to employees can't be cut by towns, so any time residents want to control spending the first things cut are always enrichment programs and the like at schools, and then things like buses, etc.
glad they are looking out for the kids!
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618388) |
|
Date: October 27th, 2015 6:06 PM Author: Vigorous coldplay fan
depends who you want to blame
pensions are bad because they aren't treated like what they actually are.
wahhhh, our incomes are low. no, assfucks, you aren't including the value of your pension. huh?
according to these projections, our pensions will be unsustainable in 13 years. 13 years? get out of my office
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054028) |
|
Date: October 27th, 2015 6:12 PM Author: offensive vibrant cuck stag film
*MORON ALERT*
BOND PAYMENTS ARE INTEREST ONLY
*MORON ALERT*
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054077) |
|
Date: March 21st, 2018 1:38 AM Author: aquamarine nibblets
I'm not a muni guy so bear with me, but i don't think this is a great example. Seems like you could both be technically right.
Those 3 letter designations on the right are CUSIPs (or the end of them). Each of these is a separate bond. I'm not going to read this OM but I'm going to assume that there's no sinking fund on any of them. If that's true, none of the individual bonds amortize.
That said all these individual bonds seem to be raised as part of a series. If you think of the series as a bond (which isn't idiotic since it probably correlates with a fiscal year's required financing), then the series effectively amortizes by having individual bonds mature.
I also wouldn't be surprised if there are munis out there that do have sinking fund provisions (esp revenue bonds or project financing).
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650739) |
Date: March 16th, 2018 9:47 AM Author: cerebral hideous temple water buffalo
NY has so much money coming in that they’ll be fine. They can always do stuff raise prop taxes on anything worth over $2M and soak the Chinese buyers who own all of those empty condo.
It’s secind tier citie/states like Chicago and New Jersey that are fucked.
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618313) |
Date: March 16th, 2018 10:41 AM Author: emerald odious knife area
Isn't 90% of the city tax currently used to pay pension obligations?
(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618671)
|
|
|