Posts Tagged ‘Stockton’

Pension follies: New Jersey adopts insane San Diego approach

Tuesday, April 1st, 2014
wimpy

California leads the way when it comes to government pension dysfunction. The first big city to be stricken by pension costs in the U.S. was San Diego, leading to the memorable 2004 New York Times' description of it as "Enron by the Sea." Since then, three cities in the Golden State have either e...

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...

CalPERS rate hike slams cities

Wednesday, February 19th, 2014
Calpers logo

Californians are finding out how Gov. Jerry Brown is going to deal with the state's pension crisis: make the taxpayers pay for it. This from CalPensions: A divided CalPERS board yesterday approved a faster rate hike for the state urged by Gov. Brown, but opposed by unions. A proposal to give strugg...

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 ...

Why Arnold owes U.S. taxpayers billions of dollars (non-bullet train edition)

Thursday, September 12th, 2013
salinas

Two interesting pieces published recently make a strong case that government can be made far more efficient if we actually tried empirically to evaluate what worked and what didn't. On the Zocalo Public Square website, Pepperdine academic Pete Peterson takes a look at how this sort of thinki...

Jay Leno on Stockton bankruptcy

Wednesday, April 10th, 2013

April 10, 2013 By John Seiler Here's Jay Leno Monday night on the Stockton bankruptcy: "Stockton is so broke, the founding father now is demanding a paternity test. "Stockton is so broke, their meth labs just give out Sudafed. They can't afford to make meth. "Stockton is so broke, their 99-Cent st...

Has California been saved?

Monday, April 8th, 2013

April 8, 2013 By Steven Greenhut SACRAMENTO -- Ever since California’s voters approved the Prop. 30 sales- and income-tax increase on the November ballot, liberal commentators have been gloating about the resurgence of the Golden State after many years of predicted doom and gloom. Their evidence...

Rush Limbaugh on Stockton bankruptcy

Friday, April 5th, 2013

April 5, 2013 By John Seiler Unlike most East Coast commentators, Rush Limbaugh knows something about California. Sacramento, where he launched his radio show in the 1980s, is his adopted home town. What he said on his show about the Stockton bankruptcy is interesting: "But we're not in a depressi...

Bankruptcy judge rejects CalPERS’ claim to protected status

Wednesday, April 3rd, 2013

April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday's court ruling by U.S. Bankruptcy Judge Christopher Klein isn't seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn't yet agree with the city's plan to only short bondhold...