<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	
	xmlns:georss="http://www.georss.org/georss"
	xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
	>

<channel>
	<title>pension tax &#8211; CalWatchdog.com</title>
	<atom:link href="https://calwatchdog.com/tag/pension-tax/feed/" rel="self" type="application/rss+xml" />
	<link>https://calwatchdog.com</link>
	<description></description>
	<lastBuildDate>Wed, 25 Mar 2015 05:52:29 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	
<site xmlns="com-wordpress:feed-additions:1">43098748</site>	<item>
		<title>Coverage of L.A. &#8216;pothole tax&#8217; never mentions why budget is bare</title>
		<link>https://calwatchdog.com/2014/04/04/coverage-of-l-a-pothole-tax-never-mentions-why-budget-is-bare/</link>
					<comments>https://calwatchdog.com/2014/04/04/coverage-of-l-a-pothole-tax-never-mentions-why-budget-is-bare/#comments</comments>
		
		<dc:creator><![CDATA[Chris Reed]]></dc:creator>
		<pubDate>Fri, 04 Apr 2014 16:00:01 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Demographics]]></category>
		<category><![CDATA[Inside Government]]></category>
		<category><![CDATA[News Media]]></category>
		<category><![CDATA[Pension Reform]]></category>
		<category><![CDATA[Politics and Elections]]></category>
		<category><![CDATA[Regulations]]></category>
		<category><![CDATA[Waste, Fraud, and Abuse]]></category>
		<category><![CDATA[pension tax]]></category>
		<category><![CDATA[Dakota Smith]]></category>
		<category><![CDATA[Los Angeles Daily News]]></category>
		<category><![CDATA[Miguel Santana]]></category>
		<category><![CDATA[Chris Reed]]></category>
		<category><![CDATA[Gerry Miller]]></category>
		<category><![CDATA[Eric Garcetti]]></category>
		<category><![CDATA[Los Angeles]]></category>
		<category><![CDATA[Los Angeles City Council]]></category>
		<category><![CDATA[pothole tax]]></category>
		<guid isPermaLink="false">http://calwatchdog.com/?p=61643</guid>

					<description><![CDATA[The city of Los Angeles&#8217; finances are in terrible shape. The city&#8217;s economy is sluggish and revenue is stagnant. Meanwhile, retirement benefits for retired city workers &#8212; especially police and]]></description>
										<content:encoded><![CDATA[<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-60895" alt="dd-poster" src="http://calwatchdog.com/wp-content/uploads/2014/03/dd-poster.jpg" width="302" height="448" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2014/03/dd-poster.jpg 302w, https://calwatchdog.com/wp-content/uploads/2014/03/dd-poster-148x220.jpg 148w" sizes="(max-width: 302px) 100vw, 302px" />The city of Los Angeles&#8217; finances are in terrible shape. The city&#8217;s economy is sluggish and revenue is stagnant. Meanwhile, retirement benefits for retired city workers &#8212; especially police and firefighters &#8212; eat up ever more of the budget.</p>
<div id="stcpDiv">
<p style="padding-left: 30px;"><em>“As of June 30, 2013, the City’s two pension funds, the $17 billion Los Angeles City Employees’ Retirement System and the $20 billion Fire and Police Pension Plans, were only 74% funded. As a result, over half of this year’s pension contribution of $950 million (19% of the budget) will help to amortize a small portion of this unfunded pension liability.</em></p>
<p style="padding-left: 30px;"><em>“Over the next three years, the City’s pension contributions will increase by $250 million (over 25%) to $1.2 billion, representing 23% of the City’s budget.  This is after a 150%, $650 million increase during the Villaraigosa era, fueled primarily by a four time, $475 million increase in the contributions to the Fire and Police Pension Plans.”</em></p>
<p>That&#8217;s from a <a href="http://www.citywatchla.com/lead-stories-hidden/6105-pension-reform-what-will-eric-do" target="_blank" rel="noopener">City Watch LA report</a>.</p>
</div>
<p>So how is the city dealing with this mess? With a transparent ploy. Two weeks ago, almost certainly at the behest of new Mayor Eric Garcetti, City Administrative Officer Miguel Santana and Chief Legislative Analyst Gerry Miller recommended that the City Council put a half-cent sales tax hike on the November ballot to &#8220;pay for repairs of the worst streets and sidewalks.&#8221; This would raise $4.5 billion over 15 years.</p>
<p>It doesn&#8217;t take a genius to figure out that this is about getting new revenue into L.A. City Hall by any means possible. This is a city that can&#8217;t pay its bills.</p>
<h3>It&#8217;s all about roads and sidewalks &#8212; not pensions. Huh?</h3>
<p>But insanely enough, Los Angeles Daily News City Hall reporter Dakota Smith and her editors continue to <a href="A proposal to raise Los Angeles’ sales tax to pay for road and sidewalk repairs received its first public hearing Wednesday night, as city officials gingerly laid out a $4.5 billion plan before a gathering of neighborhood leaders.  About 50 people attended a City Hall hearing on the measure, which would raise the L.A.’s sales tax to 9.5 percent if endorsed by the City Council and approved by voters in November.  Armed with a PowerPoint display, the city detailed why federal dollars are unavailable to help fix L.A.’s worst streets and sidewalks and how the additional funds raised would be used. At least 8,700 lane miles of street would be repaired under the proposal, officials said." target="_blank">buy the spin</a> that this is about potholes and not pensions.</p>
<p style="padding-left: 30px;"><em>&#8220;A proposal to raise Los Angeles’ sales tax to pay for road and sidewalk repairs received its first public hearing Wednesday night, as city officials gingerly laid out a $4.5 billion plan before a gathering of neighborhood leaders.</em></p>
<p style="padding-left: 30px;"><em>&#8220;About 50 people attended a City Hall hearing on the measure, which would raise the L.A.’s sales tax to 9.5 percent if endorsed by the City Council and approved by voters in November.</em></p>
<p style="padding-left: 30px;"><em>&#8220;Armed with a PowerPoint display, the city detailed why federal dollars are unavailable to help fix L.A.’s worst streets and sidewalks and how the additional funds raised would be used. At least 8,700 lane miles of street would be repaired under the proposal, officials said.&#8221;</em></p>
<p>If naivete were a crime, the reporters and editors on the L.A. Daily News politics team would be facing life imprisonment. Dumb de dumb dumb.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://calwatchdog.com/2014/04/04/coverage-of-l-a-pothole-tax-never-mentions-why-budget-is-bare/feed/</wfw:commentRss>
			<slash:comments>9</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">61643</post-id>	</item>
		<item>
		<title>L.A. proposal: That&#8217;s a pension tax &#8212; not a pothole tax</title>
		<link>https://calwatchdog.com/2014/03/20/l-a-proposal-thats-a-pension-tax-not-a-pothole-tax/</link>
					<comments>https://calwatchdog.com/2014/03/20/l-a-proposal-thats-a-pension-tax-not-a-pothole-tax/#comments</comments>
		
		<dc:creator><![CDATA[Chris Reed]]></dc:creator>
		<pubDate>Thu, 20 Mar 2014 13:15:34 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[California economy]]></category>
		<category><![CDATA[Demographics]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Inside Government]]></category>
		<category><![CDATA[News Media]]></category>
		<category><![CDATA[Pension Reform]]></category>
		<category><![CDATA[Waste, Fraud, and Abuse]]></category>
		<category><![CDATA[Chris Reed]]></category>
		<category><![CDATA[Eric Garcetti]]></category>
		<category><![CDATA[Los Angeles]]></category>
		<category><![CDATA[pothole tax]]></category>
		<category><![CDATA[pension tax]]></category>
		<category><![CDATA[Scott Shackford]]></category>
		<guid isPermaLink="false">http://calwatchdog.com/?p=60884</guid>

					<description><![CDATA[This proposal &#8212; allegedly from Los Angeles bureaucrats but almost certainly from new L.A. Mayor Eric Garcetti &#8212; got the scorn it deserved on libertarian and conservative websites when it came]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="alignnone size-full wp-image-60889" alt="city.la." src="http://calwatchdog.com/wp-content/uploads/2014/03/city.la_..jpg" width="280" height="140" align="right" hspace="20" />This proposal &#8212; allegedly from Los Angeles bureaucrats but almost certainly from new L.A. Mayor Eric Garcetti &#8212; got the scorn it deserved on libertarian and conservative websites <a href="http://www.latimes.com/local/lanow/la-me-ln-la-street-repair-sales-tax-hike-20140318,0,4675985.story?track=rss#axzz2wLQvT9hM" target="_blank" rel="noopener">when it came out</a> Wednesday afternoon:</p>
<p style="padding-left: 30px;"><em>&#8220;L.A.&#8217;s elected officials should put a half-cent sales tax hike on the November ballot to pay for repairs of the worst streets and sidewalks, two top policy analysts said Tuesday.</em></p>
<p style="padding-left: 30px;"><em>&#8220;City Administrative Officer Miguel Santana and Chief Legislative Analyst Gerry Miller recommended a tax hike that would generate $4.5 billion over 15 years &#8212; $3.86 billion for roads and potentially $640 million for broken and buckled sidewalks.&#8221;</em></p>
<h3>California problem: High taxes, bad roads</h3>
<p>Reason blogger Scott Shackford has a nice takedown of the proposal <a href="Los Angeles Cannot Find Funds in Its $7-Plus Billion Budget to Care for Roads" target="_blank">here</a>, focusing on the California-ness of this problem:</p>
<p><img decoding="async" class="alignnone size-full wp-image-60891" alt="LAPOTHOLES" src="http://calwatchdog.com/wp-content/uploads/2014/03/LAPOTHOLES.jpg" width="332" height="212" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2014/03/LAPOTHOLES.jpg 332w, https://calwatchdog.com/wp-content/uploads/2014/03/LAPOTHOLES-300x191.jpg 300w" sizes="(max-width: 332px) 100vw, 332px" /></p>
<p style="padding-left: 30px;"><em>&#8220;If we need the government to pave the roads, then how come government can’t actually seem to pave the roads?</em></p>
<p style="padding-left: 30px;"><em>&#8220;It’s a question to ask a lot in California, where citizens pay significant amounts of taxes, and yet the roads are often disasters. On the state level, the Reason Foundation <a href="http://reason.org/news/show/1013695.html" target="_blank" rel="noopener">notes</a>, California spends more per mile than the national average for its highway system, yet ranks near the bottom of the list for road conditions.</em></p>
<p style="padding-left: 30px;"><em>&#8220;On the local level, residents may see the same problems. Los Angles has high state and local taxes (sales tax in the city is <a href="http://www.boe.ca.gov/cgi-bin/rates.cgi?LETTER=L&amp;LIST=CITY" target="_blank" rel="noopener">9 percent</a>) and yet more than a third of the streets in the city’s streets are get failing grades for road repair.&#8221;</em></p>
<p>But I think some of the focus should also be on why the nation&#8217;s second-largest city is in this mess: the cost of ridiculously generous pension benefits.</p>
<h3>L.A. in an immense pension hole</h3>
<p>If you look at the numbers, it&#8217;s obvious that this is a pension tax, not a pothole tax. The city can&#8217;t fund basic services because of pension costs, so it has to look for alternatives to pay for basic services.</p>
<p>This is from a <a href="http://www.citywatchla.com/lead-stories-hidden/6105-pension-reform-what-will-eric-do" target="_blank" rel="noopener">December analysis</a> by City Watch LA:</p>
<p style="padding-left: 30px;"><em>&#8220;As of June 30, 2013, the City’s two pension funds, the $17 billion Los Angeles City Employees’ Retirement System and the $20 billion Fire and Police Pension Plans, were only 74% funded. As a result, over half of this year’s pension contribution of $950 million (19% of the budget) will help to amortize a small portion of this unfunded pension liability.</em></p>
<p style="padding-left: 30px;"><em>&#8220;Over the next three years, the City’s pension contributions will increase by $250 million (over 25%) to $1.2 billion, representing 23% of the City’s budget.  This is after a 150%, $650 million increase during the Villaraigosa era, fueled primarily by a four time, $475 million increase in the contributions to the Fire and Police Pension Plans.&#8221;</em></p>
<p>When just under one-quarter of your operating fund budget goes to pensions, desperation sets in. So you pitch higher taxes and pretend they&#8217;re about potholes, not pensions.</p>
<h3>Newspaper accounts don&#8217;t even mention pension anvil</h3>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-60895" alt="dd-poster" src="http://calwatchdog.com/wp-content/uploads/2014/03/dd-poster.jpg" width="302" height="448" align="right" hspace="20" srcset="https://calwatchdog.com/wp-content/uploads/2014/03/dd-poster.jpg 302w, https://calwatchdog.com/wp-content/uploads/2014/03/dd-poster-148x220.jpg 148w" sizes="(max-width: 302px) 100vw, 302px" />I doubt voters will be dumb enough to not see through this shell game.</p>
<p>But when it comes to the mainstream media, who knows?</p>
<p>The fiscal reasons driving the tax-hike trial balloon are pretty plain to anyone with even a cursory knowledge of L.A. government. Yet this <a href="http://www.latimes.com/local/la-me-city-street-tax-20140319,0,3698676.story#axzz2wRsvFhXv" target="_blank" rel="noopener">lengthy L.A. Times&#8217; account</a> of the proposal doesn&#8217;t mention the pension burden on the L.A. budget even once.</p>
<p>Nor does this <a href="http://www.dailynews.com/government-and-politics/20140318/sales-tax-hike-proposed-to-pay-for-los-angeles-street-repairs" target="_blank" rel="noopener">L.A. Daily News piece</a>.</p>
<p>Dumb de dumb dumb. How green and naive can these reporters be? If there is no money available for a typical routine government service, shouldn&#8217;t a journalist&#8217;s first question be &#8220;why?&#8221;</p>
<p>Instead, the reporters covering L.A. City Hall go along with the establishment&#8217;s framing: &#8220;How can we get new money to pay for these routine services?&#8221;</p>
<p>We need an encore: Dumb de dumb dumb.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://calwatchdog.com/2014/03/20/l-a-proposal-thats-a-pension-tax-not-a-pothole-tax/feed/</wfw:commentRss>
			<slash:comments>29</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">60884</post-id>	</item>
	</channel>
</rss>

<!--
Performance optimized by W3 Total Cache. Learn more: https://www.boldgrid.com/w3-total-cache/


Served from: calwatchdog.com @ 2026-04-11 16:12:21 by W3 Total Cache
-->