Voters in California Appear to Approve Pension Cuts
In both San Diego and San Jose, voters appeared to overwhelmingly approve ballot initiatives designed to help balance ailing municipal budgets by cutting retirement benefits for city workers.
Around 70 percent of San Jose voters favored the pension reform measure, with almost 80 percent of precincts reporting. In San Diego, 67 percent had supported a similar pension reform measure, with more than 65 percent of precincts reporting.
“This is really important to our taxpayers,” Chuck Reed, the mayor of San Jose, said Tuesday night. “We’ll get control over these skyrocketing retirement costs and be able to provide the services they are paying for.”
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