08/18/2022

Editorial/Opinion: Golden State Can Be Reinvigorated

If you are worried about California’s future, there’s no shortage of disturbing statistics to keep you up at night. California’s unemployment rate was 9.8 percent in November – and, with a host of new regulatory mandates added when the New Year began, our state is becoming even more unattractive for businesses.
California’s three largest pension funds have promised $500 billion in retirement benefits that they don’t have the money to pay for. California’s cities have another $135 billion in unfunded pension liabilities, and a couple of municipalities have already filed for bankruptcy.

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