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By Stephen Frank, California Political News and Views
Why did Newsom use your money to finance the collapsing California pension systems? So, local school districts, on the brink of bankruptcy are able to give union teachers more money–$3.1 billion.
“Take, for example, Senate Bill 90, the budget’s omnibus education measure. It would allocate $3.1 billion to reduce mandatory payments that local school districts would otherwise have to make to the State Teachers Retirement System (STRS) and the California Public Employees Retirement System (CalPERS).
CalPERS has been ramping up mandatory contributions from school districts and local governments to deal with tens of billions of dollars in unfunded pension liabilities. Former Gov. Jerry Brown and the Legislature rescued STRS from its similar situation by requiring that the state, teachers and school districts contribute more.”
Another example of the payoffs to unions by the Democrats. Will the legacy media say something?
Related article: New state budget a windfall for unions
Stephen Frank: Is the the publisher and editor of the California Political News and Views. Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/
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