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Archive for August 31st, 2016

Feds Foil California Pension Reform

Wednesday August 31st, 2016   •   Posted by K. Lloyd Billingsley at 9:50am PDT   •   0 Comments

Shortly after signing a contract with general manager Mike Wiley, Sacramento’s Sacramento Regional Transit “slipped into financial duress from which it has yet to recover,” wrote Tony Bizjak of the Sacramento Bee. “The agency has tapped reserve accounts in the last three years to balance its budget, leaving it with virtually no emergency funds…
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