Perez/Steinberg Budget Assumes Republican-Backed Rollouts To State Worker Pensions
One aspect of the Democrats’ most recent budget proposal that hasn’t gotten much attention is that they seem to be on the exact same page as Governor Schwarzenegger and Republicans when it comes to pension reform. Look at what Kevin Yamamura wrote yesterday on the Sacramento Bee’s website:
“ … in order to make their new budget balance, Democrats are counting on $822 million in savings that depend upon 15 bargaining units negotiating the same type of tentative agreements that six other units have reached with Gov. Arnold Schwarzenegger’s administration. The savings is located on page 9 of Assembly Speaker John A. Perez’s budget outline. “If that were to occur, the remaining 15 bargaining units would agree to increase employee contributions to pensions and take one unpaid leave day each… Read More