Kanosians in action

NY Post: California’s experience offers vital lessons for New York.
In San Jose, pension costs exploded from $62 million in 2003 to nearly $210 million in 2013. So even though the San Jose Police Department budget skyrocketed nearly 50 percent during the past decade, police staffing fell 20 percent — because so much of the money was eaten up by the pensions.
Marin County, north of San Francisco, is also battling exploding pension costs. Home to “Star Wars” creator George Lucas, Marin is the wealthiest county in California. But its public-school teachers are members of the California State Teachers’ Retirement System, a defined-benefit pension system that’s $104 billion in debt.
To fill this gaping hole, the California legislature and Gov. Jerry Brown jacked up the amount school districts must pay to the CalSTRS fund each year by a whopping 132 percent. Marin will see its outlays soar to $36 million in 2020, from just $15 million in 2014. “I have no idea where we’re supposed to get the money,” one exasperated school official in Marin County says.
Pouring additional millions into pensions leaves school districts with less money to hire new teachers, repair school buildings and provide for the classroom needs of children.

So, Kanosian stupidity trashes the New York economy.