Letter to the Observer: Too many unknowns with 'permanent fund'

The guidelines of the permanent fund will not be determined by the governing body until voter approval. Do we have to pass the amendment so that we can find out what is in it? Who will manage the fund? Will the fund manager be politically connected? Or will the manager be selected through competitive bidding? What is the expected rate of return for the fund, after management fees? Why hasn’t the city provided future projections of the permanent fund?

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