1/3 How to pay for every mayoral candidate's plans: 1. Change City Charter to permanently increase city pension plan payments to cover payouts, forever, with COLAs & a small increase to incentivize acceptance.
2/3 2. The pension fund retains roughly 95% every year, never paid out, more than that, net of fees & contributions. This is a massive gift to Wall Street, doing little for NYC and increasing borrowing costs.
3/3 Repurpose $250b pension fund for: Public Banks ($40b), 2nd Avenue subway ($20b), fixing NYCHA housing ($40b), etc. Jobs, investment, innovation - that's how you fix NYC, forever.
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