December, 2011

14
Dec
2011

$1 billion in California budget cuts to kick in…

Categories: California Developments

Gov. Jerry Brown announced nearly $1 billion in new state budget cuts, slashing spending on higher education and eliminating funding for free school-bus service but avoiding the deeper reductions to public schools that many had feared.

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13
Dec
2011

Stanford study pegs California pensions shortfall at $500 billion…

Categories: California Developments

California's three largest pension systems have promised $500 billion beyond their current ability to make those payments to retirees, according to a study released to today by Stanford University Professor and former Democratic Assemblyman Joe Nation and a student researcher.

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