By Chuck Reed
By Carl DeMaio
Make no mistake about it. The Car & Gas Tax hikes are not going to fix potholes, they are going to the pension hole to finance unsustainable payouts to state and local government employees. That's why we must stop the Car & Gas Tax hikes and strip the legislature of a Super-Majority wanting to raise our taxes while blocking common-sense pension reform. Learn more on how to stop the Car & Gas Tax hike here.
A bipartisan coalition of local elected officials led by former San Diego Councilmember Carl DeMaio and former San Jose Mayor Chuck Reed have devised a Pension Reform Initiative and hope to place it on the 2018 statewide ballot. The Coalition is awaiting a ruling from the California Supreme Court on a Marin County pension reform case that may open new doors for additional reforms to be added to our Pension Reform Initiative.
Yes, you read that right. In 2013 an assistant fire chief in Los Angeles received a government pension payout of $983,319. That's not all. A city librarian in San Diego cashes $234,000 in government pension checks every year! A police captain banked $753,861 last year - and a city politician started cashing his pension checks at the young age of 32! For more news on outrageous pension payouts and compensation packages on state and local government employees go to TransparentCalifornia.org
California Taxpayers Face $500 Billion in Debt
Who pays for all these outrageous government pension payouts for state and local government employees? YOU DO! According to a recent Stanford University study, California taxpayers are on the hook for at least $1.2 trillion in unfunded debt for state and local government retirement benefits. Each year state and local pension payments skyrocket higher and higher - in some jurisdictions increasing over 800 percent since 2000!
Higher Pension Costs = Less Services and Higher Taxes
Every taxpayer dollar paid out for government pensions is a dollar less for important services - ranging from schools, libraries, public health, and road repairs. Politicians will continually push for higher taxes and fees (especially water rates!) to raise money to finance the debt for these government pensions. Taxpayers face a future of higher costs and lower services if we fail to act to reform these government pensions.
Politicians Refuse to Act - Union Bosses Block Reform
Unfortunately, politicians from both political parties have failed to act to solve the pension crisis in California state and local governments. These politicians fear the special interest power of government labor unions. Only citizens working together can do what is right to impose common-sense reform in our state and make government retirement benefits sustainable once again.