Governor Jerry Brown’s recent budget proposal reveals unfunded pension liabilities have risen to $140 billion, indicating reform is needed, writes the Orange County Register. Unfunded liabilities are debts which the state will not be able to pay based on current projections that take into account pension fund rates of return and employee contributions. One local reform measure passed in San Diego is currently facing legal challenge while another statewide measure may appear on California’s November ballot.
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Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). HJTA, with offices in both Los Angeles and Sacramento, is the largest taxpayers association in California with a membership of over 200,000. Founded by the late Howard Jarvis, the author of Proposition 13, HJTA’s name is synonymous with tax relief and the uncompromising defense of the California homeowner.