Tag "San Jose"
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Teacher pay raises gobble up Prop 30, LCFF funds
In 2012, California voters approved Proposition 30, which temporarily raised sales taxes on everyone and income taxes on the wealthy. The measure was sold with the promise it would directly help public education. It was “for the kids.” In 2013,
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Voters face pension-reform decisions
In a series of contests playing out at the state and local levels, Golden State voters will cast votes this November that could reshape the pension landscape for years to come. Races have attracted attention for offices that exercise direct influence over the institutions
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San Jose Mayor Reed folds on pension initiative
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
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Judge confirms the ‘California rule’: Pensions can only go up
A state judge on Monday did a split-the-baby routine with San Jose’s voter-approved pension-reform law: “SAN JOSE — In a landmark ruling that could help shape city budgets around the state, a judge invalidated key parts of San Jose’s voter-approved
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Faulconer election won’t stop ‘Los Angelization’ of San Diego politics
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
Read MorePRI report examines bankruptcy as tool for struggling cities
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 One of Winegarden's key conclusions: “If used appropriately, bankruptcy
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Judge: Pensions can’t be cut, but pay can
California still is a long way from resolving its pension crisis, in the courts and elsewhere. But here’s an important new development: “SAN JOSE — In a landmark ruling that could help shape city budgets around the state, a judge
Read MoreWorthless ‘step’ teacher pay raises scrapped in San Jose
May 27, 2013 By Chris Reed For decades, it’s been common in K-12 public education to award raises to teachers for accumulating graduate school credits — even if the coursework has nothing to do with the subject that the teacher
Read MoreMoody’s warns of mass Calif. municipal bankruptcies
Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government
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