Coral Gables is the same as California

Propublica today refers to an article on pensions problem on a huge scale.

An editorial in The Wall Street Journal highlights a study that shows California’s taxpayers are potentially on the hook ($) for more than $500 billion in unfunded liabilities for the state’s biggest pension funds.

Actually, Coral Gables total pension liabilities are about the same on a per capita basis as California–so Coral Gables is a mini-California in its pension obligations.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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