Tuesday, February 23, 2016

Arizona voters in 1998 pay for their blunder today

Governing: The Arizona pension quagmire is further complicated by a voter-approved 1998 state constitutional amendment saying that "public retirement benefits shall not be diminished or impaired." That provision is unusual but not unique among the states, and it's the basis of the lower court's ruling that the increased contributions must be refunded.

Arizona voters! You gave up the right to set pension policy, now your taxes are going no where but up.  Californians will no longer retire in Arizona, you will be out of work.

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