Comments on: Credit rating agencies concerned about California pensions costs

By: gate token

gate token — Sun, 05 Mar 2023 01:16:53 +0000

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By: Alan

Alan — Thu, 04 Apr 2019 19:00:34 +0000

Other than taxpayer-financed school construction bonds, I believe that LAUSD has very little bond financing – just the purchase of school buses and some costs of IT systems. As large as LAUSD is, it could just freeze purchasing (textbooks, computers, instructional materials) if it needed to make up a shortfall in the millions or tens of millions of dollars.

By: Lee

Lee — Tue, 02 Apr 2019 17:05:00 +0000

I remember politicians, like Assembly leader, Toni Atkins, promising for years, that a 7% return on pension investments was “Totally realistic”! I knew it was a crock back then, so now look: a 1.62% return! Proof that public sector unions have completely corrupted CA politicians for the last two decades! So, yeah, go ahead and lower our bond rating. Sadly, it’s the only way they’ll learn!