Thursday, December 20, 2012 – 09:00 a.m.
Another inference directed at past events in San Bernardino County courtesy of a comment coming out of the California Fair Political Practices Commission (FPPC).
The second of its kind.
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Archive for December 20th, 2012
By Ed Mendel
Thursday, December 20, 2012
CalPERS accuses San Bernardino of halting payments to the big pension fund in a plan to use bankruptcy to cut pensions owed workers. But the city says it’s simply unable to pay now and wants to work out a way to repay CalPERS over time.
Filed under: Budget, CalPERS, Cities, Courts, Finance, Legal, Local Government, Pension Funds, Pensions, San Bernardino, State of California, U.S. Bankruptcy Court
By Jon Ortiz
jortiz@sacbee.com
Published: Thursday, Dec. 20, 2012 – 12:00 am | Page 3A
We expect government transparency. Wall Street loves the backroom deal.
On ever-shifting ground between them you’ll find public pension funds, unique government organs that pump hundreds of billions of taxpayer dollars into private investments.
Filed under: Business, CalSTRS, Finance, In the News, Investments, Pension Funds, State of California
PolitiCal
On politics in the Golden State
December 19, 2012 | 7:00 am
California tax revenue has slipped further below goals set by Gov. Jerry Brown’s administration, according to a state report released Tuesday.
By Zachary A. Goldfarb
Thursday, December 20, 2012
The much-debated bailout of Detroit is finally nearing an end after four years — and it looks like the ultimate cost to taxpayers will be between $10 billion and $20 billion.