By Chuck Reed

Special Commentary to the Daily Journal

 

Despite its growing economy and higher tax revenue, California still faces fiscal ruin from its unsustainable government pension programs. Even in these good times, the state, local governments, public schools and our universities are raising taxes, boosting tuition and cutting services to pay rising employee retirement costs. This "crowding out" of services is most acute at the local level, but state government is suffering as well.

To read more of Reed's commentary, click here.