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(CALIFORNIA GLOBE) – Last week what is arguably California’s most powerful political special interest, the California Teachers Association (CTA), or teachers union, held its quarterly State Council of Education meeting at the plush Westin Bonaventure Hotel in downtown Los Angeles.
The CTA reported revenues of $209 million on their most recent IRS Form 990 (results through 8/31/2018), and their total assets increased from $296 million to $334 million. The CTA’s “savings and temporary cash investments” increased from $56 million to $79 million during their most recent year of operations.
Even here in California, these are astonishing sums of money. Moreover, the CTA, operating statewide, only wields about half of the teachers union’s financial firepower deployed in California. Additional financial resources come from the CTA’s national affiliate, the National Education Association, as well as from the dozens of major local affiliates, such as the United Teachers of Los Angeles.
