CalSTRS has legal immunity

Dave Crane, the Pro, complains about the absolute fraudulent financial report from the CalSTRS CEO:

Dave  Crane: These are not inconsequential distortions. Because CalSTRS’s unfunded liabilities accrue expensive interest, every $1 of additional liability will translate into roughly $3 of additional pension cost diverted from classrooms and others. Worse, every day of delay in revealing and addressing true sizes of unfunded liabilities boosts the cost. Truthiness already led to one bailout costing tens of billions more than would’ve been necessary had the truth been revealed and addressed earlier. And even that bailout — which boosted pension costs 100 percent, 60 percent and 28 percent for school districts, taxpayers and active teachers — employed truthiness to obscure the fact that even greater boosts are needed. More truthiness means even more delay and cost.

Here is the problem. CalSTRS has the legal authority to lie about the pension issue, this is California.  in fact, Jertry Brown just signed into law another pwer for CalSTRS, the ability to raise taxes on local government, by edict.   So, it matters not, California will not work much longer under this dictatorship, iots economy cannot function with the massive loss of voting power.