FOR IMMEDIATE RELEASE: Thursday, April 7, 2016
Contact Amanda Smith (714) 662-6050, email@example.com
Public Employee Unions Vow to Kill the California Financial Transparency Act
Unions say informing voters sets “a bad precedent,” provides “superfluous information” and “convolutes issues”
(Sacramento, CA) – California has over $250 billion in debt and unfunded liabilities, most of which is state public employee pension costs.
That’s why public employee unions are working to kill SB 1251 (Moorlach), which establishes the California Financial Transparency Act and requires the state’s financial data to be printed in the voter information pamphlet.
Opposition letters from unions have been pouring in, claiming this is “superfluous information” that “convolutes issues” and creates “unnecessary confusion for voters,” and that providing such information “sets a bad policy precedent.” Continue reading