Although the CalSTRS teachers retirement fund received a bailout in 2014, the program is again approaching the brink of insolvency and may soon pass a “point of no return” where its total collapse becomes practically irreversible, reports CalWatchdog. School districts are becoming increasingly panicked about the worsening state of affairs and how it is impacting their ability to balance their budgets.
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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.