SAN FRANCISCO (KCBS)— State officials say proponents of a pension reform measure backed by San Jose Mayor Chuck Reed can start collecting signatures to put it on the ballot.
The measure, opposed by union employees, needs more than 800,000 signatures before June 5th for it to qualify. One of the main issues here is whether or not public employee pensions are bankrupting cities. Can the cities afford to keep paying the deals that they’ve cut?
To be clear, these were deals made between city councils, city managers and unions, but that was most likely in better financial times.Comments