Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations.
Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations. Randy Pench rpench@sacbee.com
Gov. Jerry Brown uses charts on May 11 to illustrate his revised 2017-18 budget, noting that an economic downturn is likely. Nevertheless, Brown proposes to borrow $6 billion from a state investment fund to prepay pension obligations. Randy Pench rpench@sacbee.com

Borrowing scheme for CalPERS deserves more scrutiny

May 23, 2017 09:28 AM