Archive for January 24th, 2012

The PE: RIVERSIDE COUNTY: Union plans one-day strike

BY DUANE W. GANG
STAFF WRITER
dgang@pe.com

Published: 23 January 2012 10:39 PM

Riverside County’s second-largest union is planning a one-day general strike next week to protest the pension and benefit changes imposed on employees last year.

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San Bernardino County Supervisor Neil Derry

BY IMRAN GHORI
STAFF WRITER
ighori@pe.com

Published: 23 January 2012 08:14 PM

San Bernardino County Supervisor Neil Derry will return to normal voting at today’s board meeting even as he sparred with federal officials over the exact nature of his eight-month suspension.

Due to criminal charges he faced last year, Derry had not taken part in votes involving federal funds.

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County supes to approve $2.63 million for SVL fire station
January 23, 2012 4:57 PM
Natasha Lindstrom, Staff Writer

SAN BERNARDINO • Two weeks after slashing their own benefits, San Bernardino County’s supervisors Tuesday will consider extending the compensation cuts to all county elected offices.

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By Joe Nelson, The (San Bernardino County) Sun
Posted: 01/23/2012 03:05:32 PM PST

Two San Bernardino County supervisors are requesting that benefits for all county elected officials, not just the Board of Supervisors, be reduced to be in line with elected officials in other counties.

Supervisors Neil Derry and Janice Rutherford are pushing for the ordinance, which comes less than two weeks after the board approved a similar ordinance that reduced total compensation for future supervisors by roughly $48,000 annually.

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Joe Nelson, Staff Writer
Posted: 01/23/2012 03:37:18 PM PST

The San Bernardino County Board of Supervisors is poised to direct county administrators to draft a ballot measure that would require voter approval for any proposed increases to county employee retirement benefits.

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BY ALICIA ROBINSON
STAFF WRITER
arobinson@pe.com

Published: 23 January 2012 07:06 PM

“Let the next mayor’s campaign begin,” Riverside Mayor Ron Loveridge declared in his final State of the City speech late last week.

Apparently the candidates listened, because a day later, the barbs began flying in what had so far been a quiet race.

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By Art Marroquin and Liset Márquez, Staff Writers
Created: 01/23/2012 04:05:25 PM PST

The president of the Los Angeles Board of Airport Commissioners on Monday called for a resolution stating that LA/Ontario International Airport will not be available for a transfer or sale for at least two years.

The move comes less than one week after Ontario embarked on a new public relations campaign known as “Set Ontario Free” to wrest control of the midsize airport from Los Angeles.

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Canan Tasci, Staff Writer
Created: 01/23/2012 10:37:37 AM PST

CHINO – City Council members agreed last week to hire an outside agency to find candidates to replace City Manager Patrick Glover, who will retire next month.

The agency – Bob Murray and Associates – will conduct a search for an outside candidate.

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LATimes: CalPERS earns 1.1% on investments in 2011

It falls short of the 7.75% average that actuaries say CalPERS needs to meet obligations. Calendar-year results are just indicators — the public pension fund’s fiscal year ends in June.

By Marc Lifsher, Los Angeles Times
January 24, 2012

Reporting from Sacramento— The nation’s largest public pension fund, the California Public Employees’ Retirement System, posted a 1.1% return on its investment portfolio in 2011, Chief Investment Officer Joseph Dear told his board.

The 2011 performance was well below the estimated average annual return of 7.75% that the fund’s actuaries say is needed to meet current and future obligations to its members.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Jan. 24, 2012 – 12:00 am | Page 3A

The state budget contains hundreds of specific provisions but none is bigger, more complicated, more politicized, more emotional – or more important – than the 30 or so billion dollars that it spends on K-12 education.

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Rep. Nancy Pelosi needs a gain of 25 House seats.

Carolyn Lochhead, Chronicle Washington Bureau
Tuesday, January 24, 2012

Washington — House Minority Leader Nancy Pelosi is predicting that Democrats will recapture the House in November, a move that could open the possibility of the San Francisco Democrat regaining the speakership and becoming the first politician to return to that office after a defeat since Texas Democrat Sam Rayburn in 1955.

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January 23rd, 2012, 9:20 pm
Posted by Teri Sforza, Register staff writer

As the lights are fading to black for California’s 425 redevelopment agencies, their successors will inherit $29.8 billion in unpaid long-term debt, according to the latest figures from the state controller’s office.

And that doesn’t include the wild-eyed issuance of at least $700 million in new debt last year, when the agencies had a hunch they’d soon be dismantled.

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