Dan Walters: California Legislature ignoring teacher pension gap

David Crane, a businessman who advised former Gov. Arnold Schwarzenegger on financial matters – particularly long-term public pension deficits – recently wrote an I-told-you-so piece for the Bloomberg news service about the State Teachers Retirement System.

He and others had postulated last year that if voters approved the sales and income tax hike being sought by Gov. Jerry Brown, they would see the money disappear into CalSTRS, rather than into classroom instruction, as Brown, et al., insisted.

Read more here: http://www.sacbee.com/2013/04/28/5377472/dan-walters-california-legislature.html#mi_rss=Dan%20Walters#storylink=cpy

via Dan Walters: California Legislature ignoring teacher pension gap.

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