Pension Parking Permutations again
No need to sell off the assets, no need for any existential waving of hands about what is, and what is not, an asset. Simple, or at least time-proven and financially well understood. But no, we can't do this here. Council refuses to sell assets and administration refuses to do a bond, but you know... at the end of the day these options are all far more similar than they are distinct. The machinations are really all just about how it appears to the public in the end. One way or another, we really don't need a fraction of the drama we get.
Speaking of debt, this also in BB reminds me of other greater pain we keep putting off: St. Louis Sewer District Submits $945M Bond Plan for Capital Projects.