My understanding is that California runs two sets of books to keep unfunded pension and health care liabilities hidden from voters.

States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows

Other Post-Employment Benefit debt obligation is about $3,000 for every U.S. resident.

California, Texas, New York, New Jersey and Illinois rank as the five worst states.

California alone has about $125 billion in OPEB obligations.

Doug Santo