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California’s economy may be booming but pension payments have governments cash-strapped

JULY 10, 2018 | by Dan Walters | ORANGE COUNTY REGISTER

“California’s economy may be booming, but throughout the state, local governments — including school districts — are feeling the financial pinch and asking their voters to approve new taxes of one kind or another. … Local officials will tell you, if you don’t quote them by name, that it’s mostly because their mandatory payments into the state’s two big pension funds are soaring.” 

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