Press Release: Daniel Borenstein to Speak on Berkeley's Unfunded Pension Liabilities on Thursday

From Barbara Gilbert, NEBA
Monday May 30, 2011 - 10:03:00 PM

Daniel Borenstein, award-winning columnist and editorial writer for the Bay Area News Group will address the Spring Meeting of the Northeast Berkeley Association (NEBA) on Thursday evening, June 2. 

The evening’s topic is Berkeley pension liabilities. Mr. Borenstein will be joined by Berkeley City Auditor Anne-Marie Hogan and Berkeley City Councilmember Laurie Capitelli. 

It is currently estimated that Berkeley, in addition to ongoing projected annual operating deficits of about $15M, has long-term pension-related liabilities in the hundreds of millions of dollars, along with similar unfunded liabilities for physical infrastructure. 

NEBAis a nonpartisan community organization whose mission is to inform, educate, and advocate for the interests of Berkeley residents of local electoral Districts 5 and 6. Civic issues of particular interest and concern include municipal fiscal responsibility, local taxes and fees, public safety, public education, and basic neighborhood services. NEBA holds candidate and issue forums to stimulate interest and discussion, publishes a newsletter, and holds community meetings, each at least twice annually. The current newsletter can be found at www.northeastberkeleyassociation.org 

All interested persons are invited to the June 2 meeting, to commence at 7PM, Northbrae Community Church, Haver Hall, 941 The Alameda (at Los Angeles) in Berkeley. There will be time to meet and mingle between 6PM and 7PM, and a question/answer period subsequent to the presentations.