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Analyst concerned about rising spending and pension costs

California Legislative Analyst Mac Taylor has expressed concern about rising spending and pension costs.Despite sunnier skies for California finances, Legislative Analyst Mac Taylor still had some concerns about Gov. Jerry Brown's budget proposal Monday.

For starters, Taylor says, the plan "does nothing" to address mounting costs for teacher pensions and retiree healthcare.

"There's no plan as to how we pay those off," he said during a press conference.

Problems with California's pension funds and other debts were detailed in Monday's Los Angeles Times.

Taylor said Brown has shown the right commitment to limiting spending and paying off some of the state's debt. But he said the governor's plans could burn through a significant chunk of the state's potential surpluses in the coming years, leaving California without an adequate rainy-day fund.

"If you get to the point where you have a downturn, you'll need to go back on those spending commitments," he said.

ALSO:

Gov. Brown unveils budget, says state is in the black

Brown administration shifts schedule for repaying loans

California finances still face risk despite improvement, analyst says

-- Chris Megerian in Sacramento
twitter.com/chrismegerian

Photo: Legislative Analyst Mac Taylor discusses Gov. Jerry Brown's budget proposal Monday in Sacramento. Credit: Rich Pedroncelli / Associated Press

 
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