Archive for July 30th, 2012

InlandPolitics: This and that!

Monday, July 30, 2012 – 08:45 a.m.

Here’s some news floating across the transom Monday morning.

Former SEIU leader Freeman likely to be indicted this week.

Los Angeles Daily News Columnist Rick Orlov is reporting that Former SEIU Local 735 Leader Tyrone Freeman will be indicted by a federal grand jury in Los Angeles this week.

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THE PRESS-ENTERPRISE
Published: 29 July 2012 06:10 PM

The race for a Riverside-centered congressional seat took to the highways and byways last week.

Democrat Mark Takano lashed out at Republicans following a day of GOP attacks against the Riverside Community College Board trustee, including a roving anti-Takano billboard.

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SAN BERNARDINO’S FINANCIAL CRISIS

Andrew Edwards, Staff Writer
Posted: 07/29/2012 01:05:37 PM PDT

Special Section: San Bernardino

View: Annotated Charter

SAN BERNARDINO – The city’s pending bankruptcy has revived talk of major changes for the City Charter for the third time since 2000.

As the city moves closer to a Chapter 9 bankruptcy filing, an immediate focus of debate is whether a charter provision setting a formula for police officers’ and firefighters’ salaries makes financial sense.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jul. 30, 2012 – 12:00 am | Page 3A

California’s chronic budget deficits – even in times of economic expansion – testify to its political dysfunction, which is reason to wonder whether a November ballot measure on budget procedures, if enacted, would have much positive effect.

California Forward, a centrist amalgam of civic, political and cultural elites, has proposed what is now Proposition 31 (the numbering sequence is subject to a pending lawsuit). It includes such changes as more public notice on legislation, two-year budgeting cycles and requiring any major new spending program or tax cut to identify an offsetting revenue or savings.

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By Ed Mendel
Monday, July 30, 2012

The IRS is taking a new look at whether public pension systems qualify for tax deferrals, raising questions about nonprofit charter schools in CalSTRS and county systems using “excess” earnings to fund retiree health care.

Taxes on employer-employee contributions to pension systems and their investment earnings can be avoided until retirees are paid. But if the rules are not followed, the IRS can change the tax status and impose fines and penalties.

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Jurupa Valley in Riverside County lost millions when lawmakers tapped funds earmarked for cities last year. ‘Our survival is at stake,’ the mayor says.

By Phil Willon, Los Angeles Times
July 30, 2012, 1:47 a.m.

The jagged foothills, withered pastures and a web of horse trails along the Santa Ana River give the state’s newest city a hint of the Wild West. Jurupa Valley’s money troubles, though, are pure modern-day California.

Jurupa Valley may be broke in a year, even though the city is so new that it has no permanent employees, no generous employee pension plan and runs City Hall out of a leased strip-mall storefront next to the Lucky Wok Chinese restaurant.

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