History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
CalPERS retreats on request for more taxpayer funds
- 05-20-2010
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By Marc Lifsher/Los Angeles Times
Facing political fire, the state's largest public pension fund Wednesday retreated for a month from a plan to approve a $700-million increase in taxpayer contributions it gets from the state and about 1,000 school districts. State Treasurer Bill Lockyer, a member of the California Public Employees' Retirement System board, said the fund needs to assess the consequences of the huge hike on California at a time when the state faces an estimated $19-billion budget deficit. Putting an additional burden on the state budget "seems to me to be imprudent," the treasurer said. "This is something we need to think about more." The board agreed and postponed the vote to its next regular meeting in June — and then may vote to postpone action for a year. (more...)
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