Tag "California Public Employees Retirement System"
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More than 100 local governments seek tax hikes to meet rising pension bills
Nine months after a League of California Cities report warned that pension costs were increasingly unsustainable, more than 100 local governments in the Golden State are asking voters for tax hikes on Nov. 6 – which Bond Buyer says is nearly
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State finances: LAO’s own report on CalSTRS demolishes LAO’s happy talk
I’m still struggling to make sense of Legislative Analyst Mac Taylor’s bizarrely upbeat report last month on state finances that predicted budget surpluses for years to come — but barely mentioned the state’s huge unfunded liabilities for retiree pensions and
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