Wednesday, May 07, 2014

Report says California owes $340.7 billion, some being ignored

The Sacramento Bee reports:
The state of California is $340.7 billion in debt and while it is on track to repay much of the sum, it's not doing anything about unfunded liabilities for teacher pensions and state retiree health care, the Legislature's budget analyst said Wednesday.

Legislative Analyst Mac Taylor issued a comprehensive report on all state debts, including the "Wall of Debt" that Gov. Jerry Brown has cited.

Common Core math out in California.