On June 19, 2015, Senator Moorlach (R-Costa Mesa) brought to the Senate Budget Bill (SB 97) debate a reminder of California’s unfunded liabilities and long term fiscal debts.
“Combined unfunded pension and retiree medical liabilities mean every resident has an obligation of $7,000.”
“Our priorities should be paying down these debts. Our values should dictate that we can't leave this burden to our children and our grandchildren.”
“We also cannot continue raising taxes. We already have the highest income tax, corporate tax, and gas tax rates in the nation.”