Posts Tagged ‘San Jose’

No, San Jose not struggling to retain city workers — just police

Tuesday, April 8th, 2014
City Hall

(more…)

San Jose Mayor Reed folds on pension initiative

Wednesday, March 19th, 2014

In a disappointing indicator of the challenges facing public pension reform, outgoing San Jose Mayor Chuck Reed has shelved his statewide ballot initiative designed to address the problem. The mayor blames a time crunch and unappealing language used in Attorney General Kamala Harris' ballot summa...

Judge confirms the ‘California rule': Pensions can only go up

Tuesday, February 25th, 2014
evac.route

A state judge on Monday did a split-the-baby routine with San Jose's voter-approved pension-reform law: "SAN JOSE -- In a landmark ruling that could help shape city budgets around the state, a judge invalidated key parts of San Jose's voter-approved pension cuts but upheld other elements that could...

Faulconer election won’t stop ‘Los Angelization’ of San Diego politics

Monday, February 10th, 2014

On Tuesday, San Diego voters will decide between two City Council members in a special election to fill the remaining 33 months of the mayoral term of disgraced, resigned Bob Filner. The early conventional wisdom was that the clear favorite was Republican Kevin Faulconer, 47, the longest-serving ...

PRI report examines bankruptcy as tool for struggling cities

Thursday, January 16th, 2014

The Pacific Research Institute has released a report that couldn't be more timely. "Going Broke One City at a Time: Municipal Bankruptcies in America" by economist Wayne H. Winegarden. buy a paper if (1==1) {document.getElementById("link4533").style.display="none";} One of Winegarden's ...

Judge: Pensions can’t be cut, but pay can

Tuesday, December 24th, 2013
U.S. bankruptcy court

California still is a long way from resolving its pension crisis, in the courts and elsewhere. But here's an important new development: "SAN JOSE -- In a landmark ruling that could help shape city budgets around the state, a judge invalidated key parts of San Jose's voter-approved pension cuts but ...

Worthless ‘step’ teacher pay raises scrapped in San Jose

Monday, May 27th, 2013

May 27, 2013 By Chris Reed For decades, it's been common in K-12 public education to award raises to teachers for accumulating graduate school credits -- even if the coursework has nothing to do with the subject that the teacher teaches. There has never been any evidence that this practice helps t...

Moody’s warns of mass Calif. municipal bankruptcies

Saturday, August 18th, 2012

Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soo...

Stockton police chief rips off $204K pension

Monday, August 6th, 2012

Aug. 6, 2012 By John Seiler Highway robbery was supposed to be illegal in California. But after just eight months on the job, Stockton Police Chief Tom Morris grabbed a $204,000 pension. No wonder state pension funds now require hefty infusions of cash from taxpayers -- and soon will go broke. Blo...

Officials’ foolishness slams cities

Monday, July 23rd, 2012

July 23, 2012 By Steven Greenhut SACRAMENTO -- First, Vallejo, in 2008. Next, Stockton, then Mammoth Lakes and, now, San Bernardino and soon, perhaps, Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after ano...