Tag "Pension Reform"
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Neighborhood Legislature could restore accountability
March 27, 2013 By Katy Grimes Big spending on California politics has become one of the state’s largest industries. But the return on investment is lousy. California’s political system has become so heavily manipulated by labor unions and other big
Read MoreStockton bankruptcy judge’s pedigree, history offer hope
March 27, 2013 By Chris Reed The stakes are immense in the four-day trial in Sacramento’s federal bankruptcy court this week. The New York Times frames the issue well: “Wall Street is taking America’s biggest pension fund to court this
Read MoreLAO: CalSTRS massively underfunded
March 26, 2013 By Katy Grimes SACRAMENTO — The state’s Legislative Analyst released another stinging report last week showing the California State Teachers’ Retirement System suffers $73 billion of unfunded pension debt. But CalSTRS is using doubtful figures to minimize the
Read MoreCA Dem lawmakers figuring out something rotten in CalPERS
March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS’ brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California’s pension status quo
Read MoreSan Diego mayor embraces voter nullification
March 1, 2013 By Chris Reed In 2006, San Diego voters gave a landslide win to a ballot measure that would force groups of city workers to compete against private firms for the right to provide city services in a
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Rail project begins grabbing CA farmers’ land
Jan. 18, 2013 By Katy Grimes Before high-speed rail planners can do anything with the Central Valley route, they are looking at an estimated $360 million to buy out 356 privately-owned land parcels along the route. According to a recent
Read MorePension debt could sink River City
Jan. 9, 2013 By Katy Grimes The bad news delivered last evening to the Sacramento City Council is dire: Sacramento has nearly $2 billion in unfunded liabilities, which include pension contributions and retiree medical benefits, most of which have no
Read MoreEconomist outlines CA road to prosperity
Dec. 20, 2012 By Katy Grimes SACRAMENTO — California’s economy isn’t dead — yet. With a few smart, pro-growth policy changes, California could get back in the game and be the economic leader it once was, Jonathan Williams told me
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