Dan Walters: California pension overhaul up in the air - Sacramento Politics - California Politics | Sacramento Bee
Politics • September 2010 • Views: 969
Just one of many reasons Proposition 13 is abused as a scapegoat. Raising revenues would let issues like this simply be put on the backs of the taxpayers, with interest of loans as added costs for their trouble.
Excerpt-Short so please use the link!
Specifically, Schwarzenegger wants the Legislature to roll back the big pension sweeteners enacted by the Legislature and then-Gov. Gray Davis in 1999 and limit new state workers to pre-1999 benefits.