Tag "CalSTRS bailout"

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Oakland Unified whipsawed by pension costs, declining enrollment

It’s been a tumultuous era in Oakland. The Police Department has been enmeshed in an ugly scandal surrounding officers’ involvement with an underage sex worker that led to an officer’s suicide, firings and turnover in the chief’s office. City Hall

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LAO raises doubts about teachers’ pension bailout

A new report from the nonpartisan Legislative Analyst’s Office is raising questions about the long-term effectiveness of the Legislature’s 2014 bailout of the California State Teachers’ Retirement System, which will nearly double annual funding to cover CalSTRS’ obligations when it

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Brown adds $2 billion to program that worries LAO

Gov. Jerry Brown’s revised 2015-16 state budget boosts from $4 billion to $6.1 billion the funding being given to the Local Control Funding Formula for public schools. That’s the program established by Brown via a 2013 state law to specifically

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Hardball pays off with 2-year, 10% hike for L.A. teachers

Hardball paid off for the United Teachers Los Angeles late Friday when negotiators reached tentative agreement on a three-year deal that provides L.A. Unified teachers with a 10 percent pay raise in the first two years. That’s far more than

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CalSTRS bailout cost: Pension tsunami laps at CA shores

Gov. Jerry Brown’s relative stinginess in seeking to hold the line on social services spending and in demanding an end to the practice of state education bonds paying for local districts’ construction dumbfounds some Democrats, who cite a healthier economy

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Upbeat S&P report on CA also has CalSTRS warning

The recent Standard & Poor’s report upgrading California’s credit rating prompted headlines not just in the Golden State but in Washington and on Wall Street, where it was depicted as part of Gov. Jerry Brown’s narrative of the state’s continuing

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Upbeat LAO report lacks key focus: CalSTRS bailout cost

The Legislative Analyst’s Office released an analysis of state revenue this week that suggests the state won’t suffer when temporary tax hikes expire. This is from AP: SACRAMENTO — A steadily improving economy will buffer California’s budget from a drop

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CalSTRS bailout will be CA version of budget sequester

On April 10, 2012, I wrote an op-ed for the L.A. Daily News with an unusual take on what ultimately would kill the bullet train. My theory was that the teachers unions would fight to keep a new mouth from

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