Governor Jerry Brown’s proposed 2014-2015 California Budget proposal promises higher spending, debt reduction and improved spending on education. While local electeds and their doting supporters in the Public Education Industrial Complex crow about how wonderful the proposed California budget will be—forthem—reactions to California budget proposal news from Governor Jerry Brown remain guarded. Jack Dean at […]
The Business Recorder posted today that Moody’s Investors Service downgraded its rating on $359 million of Contra Costa County, California 2001 and 2003 pension obligation bonds to A1 from Aa3, noting concerns about the county’s inability to raise taxes for debt service.
Six solutions to CBS 60 Minute segment on state and pension budget crisis