Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations.
Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations. Randy Pench rpench@sacbee.com
Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations. Randy Pench rpench@sacbee.com
Dan Walters

Dan Walters

Observations on California and its politics

Borrowing scheme for CalPERS deserves more scrutiny

May 21, 2017 04:00 PM

About This Blog


Dan Walters’ column appeared in dozens of California newspapers. He joined the Sacramento Union’s Capitol bureau in 1975 and in 1981 began writing the state’s only daily newspaper column devoted to California political, economic and social events. In 1984 he moved to The Sacramento Bee, where his column ran until 2017.