There is a disturbing trend happening in California, with cities trying to place sales and property tax increase initiatives on the ballot, often without a petition drive of the voters. Ostensibly these tax revenues are earmarked for “public safety,” or road maintenance, and improvements.
But that’s complete hooey; this money will be undoubtedly be used to pay for CalPERS pension and retiree health benefit payments. It has to be used for pensions and benefit payments, because most cities are so deep in debt, they can’t afford to fix sewer systems, maintain roads, or even maintain parks.
Think about this when you vote tomorrow. It’s not just about being a Democrat or Republican, because in far too many of California’s cities and counties, councils are apparently okay with saddling future generations with liabilities for compensating the current… Read More