Budget cuts will mutilate California colleges and universities
From the 1960s to the 1990s the vocational training system in California was 2nd to none. People flocked to this impressive state so that their young girls and boys not only had admission to the K-12 system, but to a open university system that rivals the Ivy League.
The University of California system is a appreciable player in the world of secondary education; however, with the recent budget cuts – and the designs for more – that may all be replacing. This is a contortion and will only work to tip the scales in the wicked direction.
California's public pensions need reform
Advocates of overhauling California's troubled pension system for public labourer couldn't have chosen a more providential moment to launch their reform campaign.
The immense California Public Employees' Retirement System is in deep financial doo-doo, having lost tens of billions of dollars in frequently-notional investments, and is telling state and local officials it will need more "contributions." In between, investigations are below way into multimillion-dollar payments to placement agents who arranged some investments.
State Finance Directors Warn of More Problems Ahead
Short-time budget gaps have battered conditions as earnings plummeted while the retraction. Aided by about $250 billion in funds from the stimulus package expected through the end of 2010, conditions controlled to close the gaps this year. But the two of finance directors, speaking at a Pew Center on the States event in Washington, were pessimistic about their conditions' futures beyond financial 2011
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