The Legislative Analyst's Office has issued its take on several ballot initiatives that have qualified for signature collection, including one that concerns pension taxation and another that would end collective bargaining for government workers.
What follows is a brief summary of the measures and the LAO's reviews. Click "The LAO says" links for more in-depth analyses:
Potential state and local government employee compensation savings. The amount of savings would depend on future compensation decisions by state and local governments.
The Tax Public Pensions Above $100,000 per Year Act, would amend the State Constitution to institute a new state tax on CalSTRS and/or CalPERS pension benefits that exceed $100,000 per year.
Possible increase in state revenues from a new tax on certain public employee pensions. Over the long run, these revenue gains would be offset by decreases in other state and local revenues and increases in some state and local costs.
Worth noting: It's not clear that either initiative has lined up the $1 million to $2 million to collect the hundreds of thousands of signatures needed to qualify the measures for the 2012 ballot.