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California’s slow-motion pension disaster

AUGUST 21, 2019 | by Dan Walters | ORANGE COUNTY REGISTER

“Sacramento city officials, led by Mayor Darrell Steinberg, have been discussing how best to spend proceeds of an additional sales tax that the city’s voters passed last year. … As they pore over proposals to spend Measure U money, however, Steinberg, et al, try to avoid the financial gorilla that is prowling city hall – rapidly rising costs of pensions for city employees that threaten to soak up all the money.”

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