News/Blog

Firm Updates and Announcements

Posts tagged Unfunded liability
Pension Debt A Ticking Time Bomb in California

California Governor Gavin Newsom’s new administration in Sacramento has negotiated pay raises with two-thirds of California state Workers. The administration says this is justified because of record budget surpluses and $20 billion in rainy day fund reserves. What isn’t being discussed so much is that the top one percent (1%) of taxpayers in this state control over 35% of the state general fund revenues which total $146 billion. 

Read More