California Again Mulls Pension Debt

Saskal, Rich
June 2004
Bond Buyer;6/29/2004, Vol. 348 Issue 31915, p1
Trade Publication
Reports on the budget negotiations between California governor Arnold Schwarzenegger and state legislators that resulted in an agreement that would have paved the way for the sale of pension obligation bonds. Proposal of the state government to save enough funds to cover debt service; Opposition of the Howard Jarvis Taxpayers Association to the pension bond proposal; Techniques used by the state administration to overcome the structural imbalance to propose a budget without any tax increases.


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