Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.


Rebuked Again by Steven Greenhut, City Journal 25 August 2014

Rebuked Again by Steven Greenhut, City Journal 25 August 2014.

The Pension Pain

School District’s Outstanding Debt and Pension Costs

The debt service increase accounts for 0.65% of the proposed tax levy increase for 2013-2014; mandated pension costs to the Employees’ Retirement System (ERS) and the Teachers’ Retirement System (TRS) total 2.31%. Together, these constitute 2.96% of the proposed 3.19% (with STAR) tax levy increase.


The $90.9 billion teachers’ retirement investment fund assumes a long-term return of 8 percent annually, but it generated just under 3 percent last year, spokeswoman Heidi Brennan said.