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.
12/23/2024