Tag Archives: budget

Public Employee Unions & Pensions: Los Angeles and San Diego

The cost of public-sector pay and benefits, combined with hundreds of billions of dollars in unfunded pension liabilities, are weighing down state and city budgets. The burdens are staggering: states face a cumulative shortfall of $1.26 trillion, according to a Pew Center report. Skyrocketing pension and healthcare costs present an especially daunting challenge to municipal… Continue Reading