I don’t see the solution to the pension problem in raising more revenue to pay the pensions. If the pensions are not making the projected returns, then tough break. Then the returns are not made and the those getting pension checks simply get less. If they do make the returns, then good for them.
Pensions are fine, just don’t use public funds to backstop poor performance.
If you want to change tax laws on prop 13 why not let everyone benefit from increased revenue?
