Author: David Kersten

David Kersten is president of the Kersten Institute for Governance and Public Policy (www.kersteninstitute.org). Kersten is also an adjunct professor of public finance and economics at the University of San Francisco.

Forbes Archive

Preliminary Report Pegs Pension and Retiree Health Care Problem at $1.2 Trillion

The Stanford Institute for Economic Policy Research (SIFER) estimated that California’s pension and retiree health care unfunded liabilities exceeded $1.2 trillion in 2013–significantly higher than all previous

David Kersten March 16, 2016

California Counties Experience Huge Drop in Net Value Due to Unfunded Pension Liabilities, Several Counties Deemed “Balance Sheet Insolvent”

Many of the new financial reports are out for cities, counties and special districts in California and as expected they show a significant drop in

David Kersten March 4, 2016

‘Hidden’ Public Employee Benefit Costs in California State and Local Governments

Most public agencies in California, including the State of California, are financially insolvent because their liabilities exceed their assets. This essentially means that they have

David Kersten February 16, 2016