Coral Gables is the same as California
April 27, 2010 Leave a comment
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.