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

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Stockton 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

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LAO: 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

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CA 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

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San 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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New San Diego Mayor Bob Filner displays anger management problem

Feb. 22, 2013 By Chris Reed What happens when a veteran congressman with a history of anger management issues and an apparent disinterest in understanding how city government works becomes mayor of California’s second-largest city? San Diegans are finding out

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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

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California tops ‘worst run cities’ list

Jan. 17, 2013 By Katy Grimes Surprise! Sacramento is on another list of ‘worst run cities’ in the nation. The website 247wallstreet.com ranked the best and worst run cities in the U.S. Ranked number 18, Sacramento is sandwiched between Reno and Chicago.

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Pension 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

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Economist 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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