Wednesday, October 24, 2012

New California Taxes Pay for Pensions, Not Schools

Is this what CA'ians really want?
Most Californians would be surprised to learn that 100 percent of education’s share of the tax increase proposed by Governor Jerry Brown will go to pensions instead of classrooms. But that would be no surprise to longtime observers of the California State Teachers’ Retirement System, which administers teacher pensions.

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