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Government

Apr. 26, 2013

Mayoral candidates must tackle pension reform

Vallejo. San Bernardino. San Diego. Riverside. Stockton. ...Los Angeles? By Brian J. Sheppard


By Brian J. Sheppard


Vallejo. San Bernardino. San Diego. Riverside. Stockton. ...Los Angeles?


Stockton is officially in bankruptcy and has stopped payments to CalPERS. The city boomed during the housing bubble but later suffered property tax declines when the bubble burst. Health care and pension commitments that were developed over a 15-year period, new projects planned by a city feeling flush, real estate values which were expected to keep rising, an...

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