Commentary: Did Prop 13 Lead to the Pension Crisis?
It is a thought provoking if not outright provocative article that veteran columnist Peter Schrag put out last Friday, noting the liberal tendency to “blame everything that went wrong in California, from power failures to kidnapping, on Proposition 13,” but nonetheless suggestions that while “the tax-cutting initiative was not the cause of all that ailed the state … as state and local officials remain in deep denial on California’s mounting multibillion-dollar unfunded public employee pension and retiree health care obligations, it’s time to return to the subject.”
The question at hand, “Did Proposition 13 help create the conditions that have contributed mightily to those unfunded liabilities?”