Wilson also reduced retirement benefits for new state employees, effectively creating a second class of state workers.In May 1999, board members started work on what became SB 400. The state’s formula for calculating pensions had not changed in 20 years, and retirees had lost ground to ...
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California’s state and local governments have had over a decade to get their financial house in order. Instead, they have largely ignored the pension problem, with even Gov. Jerry Brown calling thePEPRA reforms of 2014aninadequate compromiseoffering only incremental improvements. They have continued...
California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state's already-high taxes. A new analysis from the Tax Foundation, a non-partisan group that generally...
"We have a very finite set of economic conditions that need to be met for us to make money. And certainly, this bill has cast doubt [as] to whether we can continue in this state," Alex Johnson, owner of five Cinnabon and five Auntie Anne’s locations in San Francisco, said on ...