August 23, 2011
Taxing big pensions, eliminating collective bargaining initiatives collecting signatures
Taxing public pensions in excess of $100,000 a year could bring an extra $60 million into state coffers — – but would likely drive retirees from the Golden State, and would surely be challenged in court, says an analysis by the nonpartisan Legislative Analyst’s Office.
We told you recently that Lanny Ebenstein, a rather quixotic visiting economics professor at UC Santa Barbara, filed this and two other initiatives for the California ballot – including one that would strip public employees of the right to collective bargaining.
In a separate analysis of the ban-collective-bargaining measure, the LAO concluded that state and local agencies could indeed save money on employee compensation costs, “because the overall effect of this measure would be to strengthen state and local governments’ authority to set employee compensation at levels that are lower than that which an employee association would agree to...”
LINK - OCRegister.com
