Archive for June 27th, 2011

InlandPolitics: New S.B. County pension fund chief has tough job ahead

Monday, June 27, 2011 – 11:30 a.m.

Norman Ruggles has a tough job ahead of him.

You see, Ruggles is the new chief executive officer of the San Bernardino County Employees Retirement Association (SBCERA).

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Wyatt Buchanan, Chronicle Sacramento Bureau
San Francisco Chronicle
Monday, June 27, 2011

Sacramento — Gov. Jerry Brown has spent the first six months since taking office focused on solving California’s chronic budget deficit, and this week his efforts – and his campaign pledge to avoid accounting gimmicks – will face perhaps their toughest test as the new fiscal year begins Friday.

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The Dodgers announce they have filed for bankruptcy protection for the financial good of the team. If the court approves interim financing, owner Frank McCourt could meet Thursday’s payroll and remain in control of the Dodgers through bankruptcy proceedings.

By Bill Shaikin
June 27, 2011, 7:24 a.m.

The Dodgers filed for bankruptcy protection Monday in a move that owner Frank McCourt said would stabilize the financial future of the team. The move also could extend the battle for ownership of the Dodgers well beyond this season.

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10:00 PM PDT on Sunday, June 26, 2011

By DAYNA STRAEHLEY
The Press-Enterprise

Ten of the 23 school districts in Riverside County and 11 of the 33 districts in San Bernardino County may not be able to pay their bills in the next couple of years, according to a recent state report.

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DailyBulletin: Ontario to use its reserves

Council OKs plan to take $7.1 million
Liset Marquez, Staff Writer
Created: 06/26/2011 10:26:47 PM PDT

ONTARIO – For the third straight year, with city officials expecting little or no growth in revenues, the City Council has agreed to dip into its reserves.

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PolitiCal
On politics in the Golden State
June 26, 2011 | 9:29 pm

Gov. Jerry Brown delivers a keynote address during the 2011 Pacific Coast Builders Conference Thursday in San Francisco.

With California’s new fiscal year starting Friday and no compromise with the GOP on a budget in sight, Gov. Jerry Brown’s chief spokesman called Sacramento Republicans “basically moronic” for failing to strike an agreement.

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Dan Walters

 

By Dan Walters
dwalters@sacbee.com The Sacramento Bee
Published: Monday, Jun. 27, 2011 – 12:00 am | Page 3A
Last Modified: Monday, Jun. 27, 2011 – 7:04 am

Sir Walter Scott wasn’t writing about politics when he sagely observed two centuries ago, “Oh, what a tangled web we weave, when first we practice to deceive.”

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Calpensions: Public pension debt: How big is it?

Monday, June 27, 2011
By Ed Mendel

While not complying with an apparently flawed state law, CalPERS is opposing a similar federal bill calling for a report showing how pension debt could soar if long-term investment earnings are well below average.

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