California pension debt Archives

Pension Costs Are Not the Reason California’s Schools Fail the Disadvantaged

October 21, 2020 3:38 pmOctober 21, 2020 5:36 pm

A recent guest editorial published by Bakersfield.com entitled “California’s defunding of public education” makes the case that a “pension contribution maneuver” has left school districts up and down the state with shrinking budgets. The author, Shaohua Yang, gets many of his facts...

Separating Good Bailouts from Bad Bailouts

May 13, 2020 2:07 amMay 13, 2020 2:35 pm

If a Republican controlled U.S. Senate and a Republican occupying the White House cannot use this opportunity to demand reforms from financially mismanaged states controlled by Democrats, then they never will. The pandemic shutdown is about to enter its...

Rates of Pay and Pension Debt Escalating in California’s Distressed Cities

April 29, 2020 2:29 amApril 29, 2020 10:02 am

Nobody needs reminding that California’s cities, like every other going concern in America, are heading for tough economic times. As recently as two months ago, robust collections of sales taxes, utility taxes, transient occupancy taxes, property taxes and other sources...