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San Jose Mayor Reed folds on pension initiative

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

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

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

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

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

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PRI report examines bankruptcy as tool for struggling cities

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 One of Winegarden's key conclusions: “If used appropriately, bankruptcy

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

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

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Worthless ‘step’ teacher pay raises scrapped in San Jose 4

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

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Moody’s warns of mass Calif. municipal bankruptcies 0

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

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Stockton police chief rips off $204K pension 0

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

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Officials’ foolishness slams cities 18

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

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