Experts Expound
Experts Expound: Spending money
“The LAO says the state is flush with cash and multibillion-dollar reserves loom in coming years. How should we spend the money?”
Posts Tagged: lao
News
LAO: $4.5 billion rate hike for teachers’ pension fund
The nonpartisan Legislative Analyst’s Office yesterday recommended that the Legislature adopt a plan to fully fund CalSTRS in 30 years — an estimated cost of $4.5 billion a year, a hefty addition to current annual contributions totaling $5.7 billion.