Without better oversight, state education officials won't know if local school districts are misapplying the money or wisely using the massive, unprecedented aid, California State Auditor Elaine Howle wrote in an audit.
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State Auditor Calls Worst-Case Scenario ‘Unsupported and Likely Overstated’
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It’s been a while since Mayor Chuck Reed’s opponents won a battle in San Jose’s pension reform war. But a report released Tuesday by the state auditor’s office says that city officials may have played a little too fast and loose when stating the worst-case scenario for San Jose’s unfunded liability for retirement benefits. In the report, State Auditor Elaine Howle writes that a review of the mayor and other councilmembers’ use of the number $650 million, when discussing the city’s potential liability for retiree pensions and health benefits, was “unsupported and likely overstated.”
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