Comments on: New LAUSD chief avoids district’s grim fiscal picture https://calwatchdog.com/2016/01/18/new-lausd-chief-avoids-districts-grim-fiscal-picture/ Tue, 19 Jan 2016 20:48:54 +0000 hourly 1 By: Ulysses Uhaul https://calwatchdog.com/2016/01/18/new-lausd-chief-avoids-districts-grim-fiscal-picture/#comment-120143 Tue, 19 Jan 2016 20:48:54 +0000 http://calwatchdog.com/?p=85616#comment-120143 In reply to Rex the Wonder Dog!.

Sorta sad Pooo really believes his rants.

]]> By: Rex the Wonder Dog! https://calwatchdog.com/2016/01/18/new-lausd-chief-avoids-districts-grim-fiscal-picture/#comment-120133 Tue, 19 Jan 2016 04:40:14 +0000 http://calwatchdog.com/?p=85616#comment-120133 It really doesn’t matter, because when the bear Market hits in the next year it will be game over. CalSTRS 69% funded level will drop below 50% and it is time for major pension haircuts.

]]> By: Rex the Wonder Dog! https://calwatchdog.com/2016/01/18/new-lausd-chief-avoids-districts-grim-fiscal-picture/#comment-120131 Tue, 19 Jan 2016 04:37:32 +0000 http://calwatchdog.com/?p=85616#comment-120131 “Of that additional $5 billion a year, 70 percent is to be provided by school districts, 20 percent is taken from the state general fund and 10 percent from teachers’ paychecks.”
The problem is easy to fix, FREEZE ALL WAGES until th funding can catch up to the 70% pension hit. What the state should have done was split the costs 50/50, and possibly give raises. What you will see from the CTA are a MASSIVE reliance on BOND issues, every district float them, bonds are floated in EVERY district every two years as it is, expect to see them EVERY YEAR from now on.

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