Los Angeles pension costs now cost the city 20 percent of its revenue, and reforms t0uted by city leaders will not produce savings for decades, reports the Los Angeles Times. Pensions cost Los Angeles taxpayers over $1 billion and the percentage of revenues dedicated to pensions has increased sharply in recent years.
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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.