CA May Be Broke, But Pay Soars for Public Workers

Can you inflate IOUs?

A new study by the Pacific Research Institute shows that compensation for the public sector in California is soaring far above that of the private sector. PRI is CalWatchDog.com's parent think tank.

For California state and local governments, "a key driver of the budget crises is overly generous government compensation packages," the study found. "Consequently, California's budget crises will never be sustainably resolved without addressing the problem of overly generous state and local government compensation."