Today’s Commentary: Jon Coupal and Ted Costa on the State Budget – Putting the red light on spending…
Today’s Commentary is guest-authored by two reknowned taxfighters — Jon Coupal, President of the Howard Jarvis Taxpayers Association, and Ted Costa of the People’s Advocate…
Putting the red light on spending By Jon Coupal and Ted Costa
California faces a fiscal crisis that may soon drown taxpayers in billions of dollars of debt. The facts speak for themselves: Controller John Chiang says unfunded pension liabilities just for state employees are at a minimum $50 billion—and growing. In addition, California is facing at least a $5 billion structural budget deficit and tens of billions of dollars in bond debt.
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