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Most Local California Tax Increases on Ballot Today Are to Pay for Pensions—Not Cops, Roads or Libraries

Tuesday, November 4, 2014 9:32
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By Stephen Frank If there is a sales tax increase on your local ballot, read the measure carefully. Expect a good portion of that money to go to pensions. CalPRS is raising the mandated contribution by 50% and the cities refuse to tell the public how they will finance the massive expense. Instead, they pretend […]

Tags:  California, CaliPERS, Money, pension, Stephen Frank, Steve, taxes


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