Attorney General Kamala Harris, discusses the homeowners protection legislation package she supported during a news conference at the Capitol in Sacramento, Calif., July 2, 2012. Lawmakers approved the bills that were sent to the governor. Also seen from left, are Sen. Mark Leno, D-San Francisco, Senate President Pro Tem Darrell Steinberg, D-Sacramento, and Assembly Speaker John Perez, D-Los Angeles, right. (AP Photo/Rich Pedroncelli) Photo: Rich Pedroncelli, Associated Press / SF
Wyatt Buchanan and Marisa Lagos
Updated 09:36 p.m., Friday, July 6, 2012
While lawmakers this week acted on two major issues – passing protections for homeowners and authorizing the issuance of the high-speed rail bonds – they were unable to tackle what many observers see as an issue that could roil the November elections: the growing cost of public employee pensions.
Legislators and Gov. Jerry Brown want to do something significant on the issue, especially before the November election, when they will be pushing hard for voters to support Brown’s tax-raising initiative. But before that happens, Democrats and the governor will have to come to an agreement.
That certainly didn’t pan out this week.
Read the rest of this entry »
Filed under: Budget
, In the News
, Jerry Brown
, Kamala Harris
, Pension Funds
, State Assembly
, State of California
, State Senate