Governor Jerry Brown’s budget cites over $200 billion in unfunded pension and health care obligations for government employees, up over $50 billion from last year writes columnist Dan Walters in the Sacramento Bee. These debts may actually be greater than this because policymakers continue to assume investment return rates many experts have criticized as unrealistically high.
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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.