A couple of weeks ago we read an article in the Sacramento Bee detailing the failure of the California State Teachers Retirement Fund – CalSTRS. Here’s the latest from Cal Watchdog:
http://calwatchdog.com/2017/02/03/pension-funding-catastrophe-threatens-california-schools/
Yes, as Chico Unified School District finance director Kevin Bultema told me, ” The increase PERS and STRS costs are certainly a challenge for the district’s operations budget and will need to be addressed with either increased revenues from the state or cuts in CUSD’s program expenditures in the future.”
I hear “we want more money or we’ll hurt the kids…” What do you hear?
Chico Taxpayers Association 
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