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StateDataLab.org

California Taxpayers Are Still Not Getting Truthful Financial Reports, Truth in Accounting

This is a very informative article by an organization called Truth in Accounting. It evaluates the real financial burdens on each and every California resident from pension liabilities.

http://www.truthinaccounting.org/news/detail/calif...

As the report states,

"A new accounting rule is requiring California to come clean about its hidden pension debt, but the state continues to exclude billions of pension and health care debt from its financial reports. This information is released today in a report titled, The Financial State of California, by Truth in Accounting (TIA), a Chicago-based think tank that analyzes government financials."

"Because this pension rule was not required in previous years, state officials used outdated accounting methods to calculate the state’s debt. As a result, California's reported pension debt increased from $11 billion in 2014 to $74.5 billion in 2015. However, state officials are still not reporting the correct figures."

In addition, here's a two page report from Statedatalab.org

http://www.statedatalab.org/library/doclib/CA-2015...

In case you'd like to forward this article to your supervisor and other elected officials, I've attached their email addresses.

EMAIL OFFICIALS

MARIN COUNTY BOARD OF SUPERVISORS

Damon Connolly dconnolly@marincounty.org

Judy Arnold jarnold@marincounty.org

Steve Kinsey skinsey@marincounty.org

Katey Rice krice@marincounty.org

Kate Sears ksears@marincounty.org

Matthew Hymel mhymel@marincounty.org

Governor Jerry Brown: http://govnews.ca.gov/gov39mail/mail.php

Congressman Jared Huffman: http://huffman.house.gov/contact

State Assembly Marc Levine: Assemblymember.Levine@assembly.ca.gov

State Senator Mike McGuire: http://sd02.senate.ca.gov/contact/email

Roland Katz, Exec. Dir. MAPE : http://www.newmape.org/contact-us