Re:California’s public pensions are breaking the bank
by Ericson2314 on Tuesday April 11, 2017 @08:24AM
(#14087006)
I'm saying the total number of government employees vastly exceeds the number of politicians.
That's more than double the $5.2 billion a year the Brown administration hopes to raise from a plan that would boost gas taxes by 12 cents a gallon, raise the vehicle-license fee by $25 to $175 a year (depending on the value of the vehicle), impose a $100 annual fee on electric cars because they don't currently pay gas taxes and include a large hike on diesel fuel. Money is fungible, so if the state overspends on pensions, it has to make it up somewhere else. [2]
[1] http://www.mercurynews.com/2017/01/04/jerry-browns-pension-r...
[2] http://reason.com/blog/2017/04/07/california-road-tax-hike-i...