Opinion: Newsom drained billions from the Rainy Day Fund. Prop 2 won’t stop the next governor
A bigger reserve sounds prudent. But Prop 2 leaves intact the exact rule that lets governors raid it to cover shortfalls of their own making.
David Crane
2 articles in the public record carrying this byline — each story counts once, at its most authoritative copy. Labeled as Reporting (Tier 3). Bylines are shown as outlets printed them; a common name may cover more than one writer.
Opinion: California’s pension funds are rigged to stick taxpayers with the bill
AB 1383 would let CalPERS and CalSTRS keep lowballing what they ask public employees to pay, leaving taxpayers to cover the gap — again.
