Judge: Want to borrow $300k or more? Go to the People!
PACIFIC LEGAL FOUNDATION VICTORY Congratulations to attorney Harold Johnson and the other friends of the FR at the Pacific Legal Foundation. Yesterday a judge ruled in their favor in a lawsuit filed to stop the State of California from, in essence, borrowing $550,000(ish) by deferring required pension payment obligations. The judge ruled this borrowing unconstitutional do to a very strict cap in the State Constutition on how much the state can borrow without approval from the electorate. It’s GREAT that we have an orgaization like PLF out there looking out for the rights and packetbooks of taxpayers! You can read three articles on this court ruling on the FR main page, and read the PLF release here.
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