Government Unions Need Property Tax Increases to Fund Unsustainable Pensions

By Jon Coupal
01/26/2015
Let’s be honest.  When politicians and pundits discuss the state budget, very little is about the impact on homeowners. Notwithstanding the fact that a person’s home is their most important asset, this lack of perspective is understandable. When people think about political issues impacting their status as homeowners, they are far more likely to focus...

TAGS: California state budget, California Supreme Court, local bond measures, Proposition 13

Has Sacramento really balanced the state’s budget?

By Bill Fletcher
01/13/2015
Thanks to Proposition 30 with its retroactive tax increase and an improving economy, the state claims that it has balanced its General Fund budget.  This may be technically correct but ignores some very unpleasant realities. Claiming to have balanced the budget ignores the growing unfunded liabilities associated with public employee pensions and other unfunded retirement...

TAGS: California state budget, GASB, unfunded pension liabilities