Over 100 local governments will ask voters to increase taxes on Tuesday, which is nearly twice the record set in November of 2016.
A new report from the Santa Barbara County Grand Jury warns that many public pension plans in the county are facing significant liquidity and solvency risks, and that new policies may be required to keep the system sound.
The Sacramento Bee has published a list of the highest pension earners in the CalPERS and CalSTRS systems.
Many cities and counties “signed up for pensions they can’t afford” and need to “handle that themselves,” the governor said.
The California Public Employees Retirement System insists its structure is sound, but a new survey shows government leaders harbor major doubts.
If something doesn’t change, Santa Cruz could be the next canary in the pension coal mine.
Don’t miss the latest column by CalMatters’ Dan Walters.
In a major decision Tuesday, the California Public Employees Retirement System voted to shorten the amortization period for new pension liabilities from 30 to 20 years. The implications could be massive.
A new study conducted by Bartel Associates and commissioned by the League of California Cities predicts pension costs to nearly double over the next decade for the state’s 482 cities.
Plus, a list of the hardest hit cities.