Officials in one of California’s most prominent beach cities have approved a new contract with fulltime lifeguards that would scale back pension benefits in the aftermath of public outcry over their compensation.
Gov. Jerry Brown says he has been unable to secure enough Republican votes to pass his plan for addressing California’s $26.6 billion budget deficit.
A partisan split over how to change California’s massively underfunded pension systems is playing an increasingly prominent role in the debate over Gov. Jerry Brown’s plan to fix the state’s woeful budget.
State Treasurer Bill Lockyer says California could be forced to issue IOUs as early as April or May if state lawmakers don’t make deep spending cuts soon.
Jerry Brown promised Californians plenty of pain in his budget plan for the coming year, and he was right.