Posts Tagged: Windfall

News

California tax revenue ‘windfall’ now uncertain

The state Capitol in Sacramento, the seat of California government. (Photo: Always Wanderlust, via Shutterstock)

That $26 billion dollar “windfall” that California lawmakers learned about last month may not withstand a second round of economy-squelching lockdowns, and the risk of losing what little leverage they have is a top concern for state budget writers.

News

CalSTRS eyes linkage of Social Security, teachers’ pensions

Calpensions: The CalSTRS board voted this month to “watch” a new cost-neutral bill in Congress that would reduce what has been an unpleasant surprise for some teachers and a shock to others — joining CalSTRS can cut Social Security benefits. Two federal laws enacted to avoid Social Security overpayment and inequity are mainly aimed at government employees who receive a pension but no Social Security.

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