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re: 25% of the LA school budget goes to pensions.
Posted on 10/25/21 at 6:19 pm to Strannix
Posted on 10/25/21 at 6:19 pm to Strannix
That 25% goes to fund pension debt the legislature underfunded for decades. It’s the UAL. In most states, the debt is booked at the state level, not at the school system level. In 2027-28, the UAL is retired. The legislature will then have $1.7 billion in surplus.
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