This year, state employee pensions will cost taxpayers $5.4 billion, according to the California Department of Finance

23 Dec

Bob sent this link, a must read for those of you who  don’t understand “The Pension Bomb”.

http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/

As Jack Dolan reports, “It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps climbing.”

“This year, state employee pensions will cost taxpayers $5.4 billion, according to the Department of Finance. That’s more than the state will spend on environmental protection, fighting wildfires and the emergency response to the drought combined.”

Agencies like CARD and Chico Unified School District make promises to build new facilities and replace mold, rot and asbestos, upgrade to the 1990 Americans with Disabilities Act, but this is what they really want the money for.

 

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3 Responses to “This year, state employee pensions will cost taxpayers $5.4 billion, according to the California Department of Finance”

  1. bob December 25, 2016 at 12:11 pm #

    Read this article:

    Christmas Gifts from the Federal Government

    https://www.libertarianinstitute.org/blog/christmas-gifts-federal-government/

    Then go here and enter your zip code

    http://www.usaspending.gov/

    After the page comes back you can search on all of Butte County if you want or just the zip code you entered.

    If I search on all of Butte county it returns 92 pages of organizations and people sucking off the federal gummyment teat. And you wonder why the feral gooberment is $20 trillion in debt with hundreds of trillions in unfunded liabilities?

    • Juanita Sumner December 25, 2016 at 2:16 pm #

      The most suspicious entry for me is the orthotic companies that are getting hundreds of thousands from the Veterans Affairs Administration. That agency is such a mess, I can’t believe there’s nothing wrong here. I don’t see vets walking the streets of Chico with hundreds of thousands in orthotics, what is that money for?

      Northern Star Mills gets $11,000 from the Dept. of Agriculture? What?

      Thanks Bob. I’d say Merry Christmas, but sometimes I don’t know how we’re supposed to have a Merry Fucking Christmas with this kind of shit going on.

      • bob December 25, 2016 at 5:48 pm #

        I’m sure there’s not a cent of waste, fraud or abuse in those 92 pages of results. NOT!

        Who says there is/was a drought in Butte County? It’s been raining federal gummyment dollars for years. And what about all the “grants” from the state, county and city?

        Anyway, that site is a goldmine of potential projects for anyone interested in where the heck our tax dollars go.

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