All Clear Siren on Pension

From the Sacramento Bee State Worker blog today:

Former Republican Assemblyman Roger Niello said he will not pursue a signature-gathering campaign for his pension reform proposal because of the diminishing likelihood of a special election on taxes later this year.

"Our urgency is gone," he said. "The reason for filing this measure was to have something in line for a November election alongside the measure on taxes, but that appears unlikely to happen now." ...

Full article at: http://blogs.sacbee.com/the_state_worker/2011/05/niellos-pension-reform-initiat.html#ixzz1NNCGZ65A

Possible translation: I don't have $1 million+ needed to get the signatures.