Here’s what you should know about school bonds before you go to the ballot box. Toolkit: Understanding School Bonds Every election cycle, school districts throughout California put school bond measures on the local ballot. These bonds are often promoted as necessary to repair dilapidated and unsafe schools, but in reality, the funds are used as...View Report
To paraphrase America's 42nd president, when it comes to public sector pensions - their financial health and the policies that govern them - it's the unfunded liability, stupid. The misunderstood, obfuscated, unaccountable, underrecognized, undervalued, underpaid, unfunded pension liabilities.
For Immediate Release January 11, 2017 California Policy Center Marc Joffe, email@example.com (415) 578-0558 A landmark study of California’s finances reveals the state’s debt burden is approaching the levels of Italy and Portugal, where debt crises in 2011 and 2012 drove the Eurozone countries to the brink of collapse. The findings come a day after...
During the Stockton bankruptcy Judge Klein called CalPERS the “bully with a glass jaw.” Klein meant that CalPERS, as a servicing company, has no standing in the bankruptcy because the pension obligation is between the public agency and their employees and retirees.