Archive for the ‘ Counties ’ Category

Calpensions: Pension measure wave crests, court slog remains

pensions

By Ed Mendel
Monday, May 20, 2013

One of the first local ballot measures aimed at cutting public pension costs, a cap on Pacific Grove payments to CalPERS approved by voters three years ago, was ruled unconstitutional by a Monterey County superior court judge last week.

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UTSanDiego: Governor has plans for local funds

Jerry Brown

County officials wary that long-term savings will materialize

By Michael Gardner7:06 p.m.May 15, 2013

California’s counties are leery of Gov. Jerry Brown’s budget maneuver to immediately siphon money from local coffers, leaving behind an IOU that would be repaid through savings realized much later.

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No Marijuana

By Sandra Emerson, Wes Woods II and Ryan Hagen, Staff Writers
Posted: 05/08/2013 02:49:30 PM PDT
Updated: 05/08/2013 04:05:02 PM PDT

Special Section: Medical Marijuana

Now that the more than 180 cities and counties up and down the state have the state’s highest court on their side, many local government officials are actively seeking the closure of medical marijuana dispensaries operating in violation of their zoning laws.

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California Supreme Court

By Denny Walsh
dwalsh@sacbee.com
Published: Monday, May. 6, 2013 – 12:59 pm
Last Modified: Monday, May. 6, 2013 – 5:53 pm

Local governments in California are free to ban the distribution and sale of marijuana for medical purposes despite state law that allows it under certain circumstances, the California Supreme Court ruled Monday.

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DailyBulletin: State Supreme Court to decide Riverside dispensary case

G3 Holistics - Colton

Sandra Emerson, Staff Writer
Posted: 05/05/2013 08:44:29 PM PDT
Updated: 05/05/2013 09:07:57 PM PDT

The state Supreme Court is set to issue a decision today on whether the city of Riverside is legally allowed to ban medical marijuana dispensaries through zoning laws.

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SacBee: Report: California governments could be $1.1 trillion in debt

California Flag

Capitol Alert
The latest on California politics and government
By Dan Walters
April 30, 2013

California’s state and local governments are at least $648 billion in debt and the total could surpass $1.1 trillion — depending on how pension liabilities are calculated — according to a data compilation by a conservative think tank.

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Calpensions: Prefunding retiree health care: Is this the year?

health-care-reform

By Ed Mendel
Monday, April 29, 2013

With pensions presumably shored up by Gov. Brown’s reform and a CalPERS rate hike, will the problem-solving trend spread to what is, by some measures, an even bigger retirement debt: health care promised state workers?

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SacBee: New measure of economy will include focus on government pensions

By Kevin G. Hall
McClatchy Newspapers
Published: Wednesday, Apr. 24, 2013 – 5:16 pm
Last Modified: Thursday, Apr. 25, 2013 – 3:45 am

WASHINGTON — As part of a new push to broaden the way economic growth is measured, government statisticians will soon begin using a new accounting method that’s likely to spotlight the problem of underfunded pension funds, particularly those managed by state and local governments across the nation.

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SFChronicle: State, cities in next round of redevelopment fight

Legal

By JUDY LIN, Associated Press
Updated 10:12 am, Saturday, April 20, 2013

SACRAMENTO, Calif. (AP) — A second round of bureaucratic bickering has begun over the dismantling of California’s community redevelopment agencies.

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Calpensions: How much can pensions squeeze other programs?

pensions

By Ed Mendel
Monday, April 22, 2013

The question of whether pensions are “sustainable” may get an answer as a CalPERS board action last week ratchets up annual state and local pension costs during the next seven years.

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InlandPolitics: Debt Collectors Masquerade as Local DAs with Their Blessing

By William Cutting
Friday, April 19, 2013 – 07:30 p.m.

I stumbled upon this story over at MousePrint.org and thought our readers over here at Inland Politics might have an interest in it.

According to this blog posting, District Attorney offices across the nation are allowing debt collectors to use District Attorney stationary to go after bad check writers.  Presumably, the DA’s office receives a cut of some kind, be it a slice of the collected funds or perhaps a licensing fee to use the stationary.

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DailyBulletin: CalPERS changes to squeeze finances in many cities

calpers

By Ryan Hagen and Eric Bradley
Staff Writers
Posted: 04/17/2013 07:09:43 PM PDT
Updated: 04/17/2013 07:09:53 PM PDT

Many cities will be required to pay more to the state pension system for at least a few years because of changes the system’s board approved Wednesday, stretching its already-thin finances.

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SacBee: Jerry Brown to comply with prison order if appeals fail

Capitol Alert
The latest on California politics and government
April 16, 2013

SHENZHEN, China – Gov. Jerry Brown said Tuesday his administration will prepare to release as many as 10,000 state prisoners if the state is unable to get out from under a court order demanding it reduce California’s prison population.

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Calpensions: CalPERS panel approves rate hike on split vote

CalPERS

By Ed Mendel
Wednesday, April 17, 2013

A CalPERS committee yesterday approved raising employer rates roughly 50 percent over the next seven years, replacing actuarial methods that kept rates low during the recession with a new goal of full funding in 30 years.

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Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Apr. 14, 2013 – 12:00 am | Page 3A
Last Modified: Sunday, Apr. 14, 2013 – 7:39 am

Eight years ago, the California Legislature and then-Gov. Arnold Schwarzenegger made what may have been a gigantic mistake by allowing public employee pension funds to drop a curtain of secrecy over their dealings with hedge funds, private equity funds and other “alternative investments.”

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UTSanDiego: 12 top-paid county bosses in California

Money

By Matt Clark
March 27, 2013 – 06:01 p.m.

Here’s a list of the top 10 highest-paid county executives.

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InlandPolitics: A retired Lobbyist?

Hmmm

Monday, March 18, 2013 – 09:00 a.m.

We’re definitely confused!

Back in 2011 former local Assemblyman Brett Granlund, a lobbyist with the Sacramento-based firm Platinum Advisors was attempting to convey to anyone that woould listen, at the time, that he had retired.

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Calpensions: Post-crisis reforms make pensions sustainable?

pensions

By Ed Mendel
Monday, March 11, 2013

A nationwide study, including CalPERS and CalSTRS, projects that huge pension fund losses during the financial crisis will be offset over three decades by a wave of recently enacted cost-cutting reforms — but only if several things happen.

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LATimes: Public-employee unions push back with lawsuits over pension cuts

Jerry Brown

Gov. Jerry Brown discusses his proposal to roll back public employee pension benefits during a news conference at the Capitol in Sacramento. (Rich Pedroncelli / Associated Press)

By Chris Megerian, Los Angeles Times
March 8, 2013, 8:06 p.m.

SACRAMENTO—California unions, accustomed to getting their way in the Capitol, lost some ground last year when Gov. Jerry Brown pushed through the Legislature a series of public-pension cuts that affect their members.

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The PE: REALIGNMENT: Long-term inmates a concern in county jails

March 05, 2013; 06:15 PM

More than 1,100 inmates are serving sentences between five and 10 years in county jails instead of state prisons because of California’s realignment law, a survey by a law enforcement group concluded.

To read story by Richard K. DeAtley in The Press Enterprise, click here.

Calpensions: As economy recovers, CalPERS may lift rate lid

CalPERS

By Ed Mendel
Monday, February 25, 2013

CalPERS last week gave some 1,575 local governments a small increase in their annual pension costs, one of the last rates kept low by unusual actuarial policies adopted after a $100 billion investment loss five years ago.

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Moody's Ratings

By Daniel Borenstein, staff columnist © 2013, Bay Area News Group
Posted: 02/22/2013 05:51:55 PM PST
Updated: 02/24/2013 10:12:36 AM PST

Moody’s Investor Services will soon unveil new pension standards that could peel away gimmicks used to hide the shocking size of government retirement debt.

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Capitol Weekly: Jerry Brown vs. the locals — again

By Amy Wong | 02/18/13 1:00 PM PST

It’s Round 3 in Jerry Brown vs. the locals.

The governor’s efforts to reform California’s 29-year-old enterprise zone system, an ongoing tax-break program that encourages business investment and promotes new jobs in economically distressed areas of the state, is his latest attempt in a series of major moves targeting local businesses and governance.

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SacBee: Labor unions move to challenge California pension changes for public workers

Pension Reform

By Jon Ortiz
jortiz@sacbee.com
Published: Thursday, Feb. 14, 2013 – 12:00 am | Page 1A
Last Modified: Thursday, Feb. 14, 2013 – 7:33 am

Before they sought to persuade voters last year to raise taxes, Gov. Jerry Brown and Democratic legislative leaders agreed on sweeping changes in pension law they said would save California government significant money over time.

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The PE: REDEVELOPMENT One year after dissolution, litigation and dissension

BY JIM MILLER
SACRAMENTO BUREAU
February 11, 2013; 07:47 AM

SACRAMENTO – A year after the shutdown of redevelopment in California, the process of dissolving the decades-old program has moved from the Capitol to the courthouse as state and local officials haggle over the former anti-blight agencies’ money.

To read entire by Jim Miller in The Press Enterprise, click here.

Calpensions: How much do big pensions widen funding gap?

pensions

By Ed Mendel
Thursday, January 31, 2013

As local governments scrambled to meet a Jan. 1 reform deadline for giving lower pensions to some new hires, a top target was a big increase bargained by police and firefighters during the last decade.

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LATimes: Court decision could cut through haze of medical pot regulations

Medical Marijuana

Sixteen years after Californians approved medical marijuana, the state’s highest court is poised to decide whether cities and counties can ban cannabis dispensaries.

By Maura Dolan, Los Angeles Times
January 26, 2013, 8:15 p.m.

Sixteen years after Californians approved medical marijuana, the state’s highest court is poised to decide whether cities and counties can ban cannabis dispensaries.

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SFChronicle: Marijuana-dispensary court ruling stands

judges-gavel

Bob Egelko
Updated 8:57 pm, Friday, January 18, 2013

The state Supreme Court has denied prosecutors’ request to review a ruling to allow large nonprofit dispensaries to sell medical marijuana, a case that could affect the federal government’s attempt to shut down the giant Harborside dispensary in Oakland.

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By Christina Villacorte Staff Writer
Posted: 12/23/2012 04:22:04 PM PST
Updated: 12/23/2012 04:52:07 PM PST

The first wave of felons sent to county jails instead of state prisons under Gov. Jerry Brown’s public safety realignment plan are back on the streets after serving their sentences, and local law enforcement officials are worried they will trigger a spike in crime.

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OCRegister: ‘Pension envy’ – few private workers have secure retirement

November 22nd, 2012, 10:18 am
Posted by Ronald Campbell

Most public workers have pensions. Most private workers do not.

But data analyzed by the Register shows that the prospects for private workers receiving a pension have gotten worse just in the past few years.

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SacBee: Dan Walters: Bankruptcy ruling could alter California pension law

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Sep. 17, 2012 – 12:00 am | Page 3A

The public pension reform legislation that the Legislature and Gov. Jerry Brown adopted very carefully avoided any changes of current pensioners’ benefits and those of future recipients now on state and local payrolls.

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SacBee: Dan Walters: California redevelopment is dead; long live redevelopment

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Friday, Sep. 7, 2012 – 12:00 am | Page 3A

Redevelopment is dead – or so proclaimed Gov. Jerry Brown and legislators last year when they canceled the legal authorization for the six- decade-old urban renewal program and seized its assets to close the state’s budget deficit.

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Calpensions: Pension reform allows cities to bypass bargaining

By Ed Mendel
Monday, September 4, 2012

Pension reform approved by the Legislature last week gives many cities new cost-cutting power that some have been unable to win from public employee unions at the bargaining table.

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The PE: PENSIONS: State overhaul extends to local workers

Published: 29 August 2012 – 08:41 PM
A Text Size

SACRAMENTO – There are thousands of local government agencies around the state, employing hundreds of thousands of workers covered by a variety of retirement plans.

By Friday, the Legislature will consider imposing its plan to overhaul public-employee pensions on them.

To read entire story by Jim Miller in the Press-Enterprise, click here.

The State Worker
Chronicling civil-service life for California state workers
August 29, 2012

California state and local governments stand to save between $40 billion and $60 billion over 30 years, according to a hasty fiscal analysis of a pension reform measure set for a vote later this week, according to CalPERS.

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InlandPolitics: San Bernardino bond investors may come up empty handed

Sunday, August 19, 2012 – 10:00 a.m.

As fears of more California municipal bankruptcy filings continue to slowly climb, there is one group that must be deeply concerned these days.

That group being municipal bond and mutual fund investors.

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CaliforniaWatch: Money & Politics, Health & Welfare | Daily Report

Report: Major cities not prepared for growing retiree health costs
August 10, 2012 | Corey G. Johnson

Most major California cities are failing to address the growing health care costs of government retirees, which have ballooned to more than $1 billion in some areas and soon could threaten municipalities’ ability to pay other expenses, according to a recent financial analysis by a nonprofit research group.

Eleven of 20 California cities with the biggest budgets do not set aside funds for future health care costs, the study by California Common Sense found.

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SFChronicle: State duns cities for millions of dollars

Wyatt Buchanan
Updated 11:01 p.m., Tuesday, July 24, 2012

Sacramento –California cities are in a high-stakes fight with officials in Sacramento over money that the state says the cities owe as part of the winding down of redevelopment agencies.

County officials, under the state’s direction, have sent letters of demand to cities throughout the state in recent weeks, many for millions of dollars. Several cities, including El Cerrito, refused to pay and sued the state, which is threatening to penalize cities by withholding sales tax revenue that cities rely on to pay for police, parks and other general operating expenses.

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Neil Nisperos, Staff Writer
Created: 07/23/2012 12:02:08 PM PDT

A number of Inland Empire cities are planning to continue posting discussion agendas for the public to review well ahead of meetings, despite the state’s suspension of that Brown Act requirement.

Redlands has already passed a resolution saying it will continue to follow the open-meeting rules, while Rancho Cucamonga’s City Council plans to consider a similar resolution at its next meeting.

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LADailyBuster: Pensions loom as budget buster

By Rick Orlov, Staff Writer
Posted: 07/21/2012 06:12:34 PM PDT
Updated: 07/22/2012 12:31:52 AM PDT

While some causes of San Bernardino’s fiscal crisis are unique to that Inland Empire city, at least one poses a growing threat to other municipalities throughout California: pension benefits.

San Bernardino has seen its pension obligations double in the past six years, and they are soon expected to take up about 15 percent of the city’s overall spending.

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Reuters: Calpers tells California cities to keep eye on pension terms

By Jim Christie
PETALUMA, California | Wed Jul 18, 2012 8:24pm EDT

(Reuters) – California’s cities should learn how to keep their pension costs in check instead of blaming the California Public Employees’ Retirement System for their problems, some of the pension fund’s board member said on Wednesday.

While the fund can lay out the costs of pension plans, it is ultimately up to cities to decide how much they want to pay for them, they said at a meeting in Petaluma, California.

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LATimes: Pension funds seriously underfunded, studies find

Gov. Jerry Brown outlines proposals to roll back public employee pension benefits during a news conference at the Capitol in October. (Rich Pedroncelli, Associated Press / July 17, 2012)

 

By Marc Lifsher, Los Angeles Times
July 17, 2012, 7:00 p.m.

SACRAMENTO — Corporate and public pension funds across the country are seriously underfunded, threatening the retirement security of workers and straining the financial health of state and local governments, according to a pair of independent studies.

In 2011, company pensions and related benefits were underfunded by an estimated $578 billion, meaning they only had 70.5% of the money needed to meet retirement obligations, according to a report by S&P Dow Jones Indices.

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By Josh Richman
jrichman@bayareanewsgroup.com
Posted: 07/11/2012 03:55:56 PM PDT
Updated: 07/12/2012 07:27:17 AM PDT

San Bernardino late Tuesday became the third California city in two weeks to declare bankruptcy, sending tremors through city halls across the state and immediately raising the frightening question: Are more bankruptcies to come?

California cities and others throughout the country are asking themselves the same question as they struggle amid a still-ailing economy and bad decisions made in the boom years.

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BY DAVID DANELSKI
STAFF WRITER
ddanelski@pe.com

Published: 11 July 2012 05:47 PM

City councils and the governing boards of counties, school districts, water districts and other local agencies are no longer required by state law to post agendas and disclose decisions made in closed sessions.

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SacBee: Dan Walters: City-state relations take a turn

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jul. 9, 2012 – 12:00 am | Page 3A
Last Modified: Monday, Jul. 9, 2012 – 6:23 am

The relationship between state and local governments has always been testy, but more so since voters passed Proposition 13 in 1978, reducing local property taxes.

One Proposition 13 effect was to shift more responsibility for financing schools and local government services to the state, and with that shift, state politicians assumed they could dictate policy to locals.

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By Ed Rendel
Monday, July 9, 2012

A new estimate from Moody’s Investor Services triples national public pension debt from $766 million to $2.2 trillion, mainly because the major Wall Street bond-rating firm uses a lower forecast of pension fund investment earnings urged by critics.

In a reporting overhaul proposed last week to give investors a better way to compare pension funding, Moody’s uses an annual earnings forecast based on corporate bonds, 5.5 percent, much lower than the 7.5 to 8.25 percent forecast by pension funds.

Read the rest of this entry »

SacBee: Dan Walters: Redevelopment abolished in California? Not really

Dan Walters

By Dan Walters
Published: Wednesday, Jul. 4, 2012 – 12:00 am | Page 3A

Redevelopment is dead in California, or so we were told last year when the Legislature and Gov. Jerry Brown erased more than 400 local agencies and seized assets for the state budget.

The dissolution is incomplete, however, as local officials attempt to shelter assets and joust with local oversight boards and state officials over what’s in and what’s out.

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LATimes: Did Jerry Brown pull rank to get petition signatures processed?

As the deadline loomed for verifying signatures for his tax initiative, Gov. Jerry Brown called some county officials to check the status. Critics are crying foul.

 

By Anthony York, Los Angeles Times
July 1, 2012

SACRAMENTO — With the fate of his tax initiative hanging in the balance, Gov. Jerry Brown was in a tight spot.

So he called Dave Macdonald, the top elections official in Alameda County, for a conversation about Macdonald’s progress in verifying thousands of petition signatures needed to help move Brown’s measure onto the November state ballot.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Jun. 26, 2012 – 12:00 am | Page 3A
Last Modified: Tuesday, Jun. 26, 2012 – 7:55 am

A few days ago, the Pew Center on the States released a report on the nationwide gap between promises made to public employees for pensions and what states are spending to close the gap.

On paper, California isn’t in awful shape. Its major pension program, with $516.3 billion in liabilities, was reported to be 78 percent financed, just shy of the 80 percent level that actuaries generally advocate.

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YahooFinance (AP): Study: State pension shortfall ballooned in 2010

By CHRISTOPHER WILLS | Associated Press
Tuesday, June 19, 2012

SPRINGFIELD, Ill. (AP) — Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement funds covering millions of public employees, according to a study released Monday.

The Pew Center on the States found 34 states failed to maintain safe levels of money in the pension funds, which most experts agree is about 80 percent of long-term obligations. Four states — Connecticut, Illinois, Kentucky and Rhode Island — didn’t even have 55 percent of the money they’ll need in the long run.

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InlandPolitics: Local politicos need to remember Civics class

 

Sunday, June 17, 2012 – 10:30 a.m.

It’s interesting to see the reaction from local politicians when it comes to the state cutting away local funding.

The newly-approved smoke and mirrors California budget is actually $5 billion higher than last year.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jun. 17, 2012 – 12:00 am | Page 3A

As votes in California’s primary were being counted on June 5, Stockton’s City Council was giving its city manager permission to file for bankruptcy protection if negotiations with creditors failed to bear fruit.

The vote-counting quickly revealed that voters in San Jose and San Diego had overwhelmingly approved landmark reforms in pensions for city employees. Almost immediately, city worker unions filed suit to block the reforms.

Read the rest of this entry »

 

By Kevin Yamamura
kyamamura@sacbee.com
Published: Thursday, Jun. 14, 2012 – 12:00 am | Page 1A
Last Modified: Thursday, Jun. 14, 2012 – 9:51 am

Legislative Democrats are poised to send Gov. Jerry Brown a budget that avoids deep new cuts in safety-net programs while reducing state worker pay and taking funds from courts and counties.

To help bridge a $15.7 billion deficit, the Democratic governor has asked his own party’s lawmakers to overhaul welfare-to-work, slash in-home care and require low-income students to earn higher grades for scholarship aid.

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Calpensions: San Jose, San Diego pension reforms go to court

By Ed Mendel
Monday, April 11, 2012

Two California cities attracting national attention for big pension-reform votes look like they are on the same path — court filings last week to speed up legal decisions, and city council meetings this week to consider plans for new hires.

But the public pension reforms approved by 66.25 percent of voters in San Diego, the state’s second largest city, and by 69.58 percent of voters in San Jose, the third largest, are not the same and face different problems.

Read the rest of this entry »

Wednesday, June 5, 2012 – 10:00 a.m.

In a blow to public employee labor unions, voters in San Diego and San Jose overwhelmingly passed pension reform measures designed to help stem their cities bleeding budgets.

Read the rest of this entry »

LATimes: Cities lose in court battle over redevelopment funds

L.A. NOW
Southern California — this just in
May 30, 2012 | 4:57 pm

A Sacramento County Superior Court judge Wednesday afternoon refused to side with a group of California cities in their battle with the state over hundreds of millions of property tax dollars that used to flow to local redevelopment agencies.

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LATimes: Cities to battle California in court for redevelopment money

By Jessica Garrison, Los Angeles Times
May 30, 2012

The city of Adelanto had planned to spend $15 million on affordable housing. Artesia proposed to invest $2.3 million in downtown improvements. Atascadero budgeted $53 million for upgrades including a pedestrian bridge downtown and a better wall at the city zoo.

These municipal projects and many more statewide are in question because of a dispute between cities and the state over what should become of hundreds of millions of dollars in property tax revenues that used to go to redevelopment.

Read the rest of this entry »

Calpensions: Ballot-box pension reform wins first court test

By Ed Mendel
Monday, May 14, 2012

A superior court judge this month upheld a voter-approved initiative giving lower pensions to all city of Menlo Park new hires except police, the first court ruling as unions challenge similar measures in Pacific Grove and Bakersfield.

Voters in the three cities approved cost-cutting pension reforms in November 2010 that bypassed bargaining with unions. California is one of only several states where public employee retirement benefits are set by labor negotiations.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, May. 14, 2012 – 12:00 am | Page 3A

When Vallejo declared bankruptcy in 2008, one collateral consequence was a years-long political duel in the Capitol between lobbyists for local governments and those for unions representing their workers.

Unions pushed legislation that would have required local governments to get permission from an obscure state agency before filing for bankruptcy – an agency that is and probably always will be dominated by union-friendly Democratic politicians.

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Calpensions: CalPERS actuaries: state rate up $213M to $3.7B

By Ed Mendel
Wednesday, May 9, 2012

Actuaries recommend a $213 million increase in annual state pension payments to CalPERS in July, bringing the total to $3.7 billion.

But $149 million would be added to the increase if the impact of a lower earnings forecast, dropped by the board in March from 7.75 percent to 7.5 percent a year, is not phased in over 20 years.

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Calpensions: Elected official pensions: target for reform?

By Ed Mendel
Monday, April 30, 2012

Stockton has enrolled three mayors and 14 city council members in CalPERS since 1991, despite a provision in the city charter that clearly states no council member shall receive retirement or death benefits, the Stockton Record reported last week.

The discovery of $276,954 in unlawful city pension contributions comes as Stockton is in the national media spotlight during a last-ditch attempt to avoid bankruptcy, mainly by getting unions to agree to cuts in retirement and other costs.

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The PE: MEDICAL MARIJUANA: Court rulings leave both sides uncertain of clinic bans

BY RICHARD K. De ATLEY
STAFF WRITER
rdeatley@pe.com

Published: 15 April 2012 02:18 PM

Advocates and opponents of California’s medical marijuana clinics are in a legal no-man’s land after a flurry of appellate court decisions that contradict each other on whether local governments can ban the dispensaries.

The decisions also conflict on how the clinics can supply themselves with marijuana.

Read the rest of this entry »

By Ed Mendel
Monday, April 16, 2012

CHINO — Proposed legislation may curb “spiking” that has made county retirement systems notorious for providing pensions that exceed salaries earned on the job, a legislative committee was told last week.

After the Contra Costa Times revealed that two fire chiefs retired at ages 50 and 51 with pensions well above their salaries, one of them told the Wall Street Journal: “People point to me as a poster child for pension spiking, but I did not make these rules.”

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The PE: REDEVELOPMENT: Shutdown process is a new frontier

BY JIM MILLER
jmiller@pe.com
Published: 30 March 2012 05:57 PM

SACRAMENTO — Local officials who once oversaw billions in redevelopment spending with little interference from the state now are having to make the case for every penny.

In hundreds of draft plans approved in recent weeks, local governments list proposed payments to begin settling redevelopment debts and contractual obligations for agencies that shut down Feb. 1. Final plans for the first six months of 2012 must be acted on by April 15, and plans for the second half of 2012 are due less than four weeks later.

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Calpensions: CalPERS funding level: How low can it go?

By Ed Mendel
Thursday, March 22, 2012

As CalPERS puts a new focus on risk, a funding level that drops to 40 percent is emerging as the red line.

The worry is that if the funding level of the big pension fund drops too far, it may not be practical to raise annual employer payments enough to regain proper funding.

Read the rest of this entry »

DailyBulletin: Lower CalPERS return rate threatens local coffers

Neil Nisperos, Staff Writer
Created: 03/18/2012 03:36:06 PM PDT

Related story: Lawmakers react to CalPERS struggles

Local officials say funding for services are expected to take another hit with the California Public Employee’s Retirement System lowering investment return forecasts last week.

CalPERS, the nation’s largest public pension fund, has requested state, local government and school districts increase contribution rates.

Return projections were lowered from 7.75 percent to 7.5 percent.

Read the rest of this entry »

By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Mar. 14, 2012 – 12:55 pm

CalPERS gave final approval today to a quarter-point reduction in its investment forecast, but will look at softening the fiscal impact on government budgets.

The lowered forecast will cost the state an extra $167 million a year, and will also raise costs for the school districts and municipalities that belong to the California Public Employees’ Retirement System.

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SacBee: CalPERS set to lower its investment forecast, pushing state cost up

By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Mar. 14, 2012 – 12:00 am | Page 3A
Last Modified: Wednesday, Mar. 14, 2012 – 8:12 am

CalPERS could have socked the state for another $425 million. Instead, it chose a compromise measure that’s expected to cost $167 million.

A committee of the state’s big pension fund moved Tuesday to reduce its official investment forecast by a quarter-point, to 7.5 percent.

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SacBee: California Supreme Court’s daunting task: Unite pot-dispensary rulings

By Peter Hecht
phecht@sacbee.com
Published: Tuesday, Mar. 13, 2012 – 12:00 am | Page 1A

When it comes to rulings on medical marijuana, California courts have a case of multiple personality disorder.

A flurry of recent, conflicting decisions by state appellate courts on whether cities can ban marijuana stores or be forced to allow them is setting up a landmark review by the California Supreme Court.

Read the rest of this entry »

LATimes: Upcoming CalPERS vote could boost government pension costs

By Marc Lifsher
March 7, 2012, 11:53 a.m.

The chief actuary of California’s biggest public pension fund is recommending that it cut its assumed-rate-of-return target by half a percentage point.

The change, if adopted by the board of the California Public Employees’ Retirement System next Wednesday, could boost retirement costs by millions of dollars for the state government and more than 3,000 local agencies that participate in CalPERS.

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Andrew Edwards, Staff Writer
Posted: 03/05/2012 02:28:28 PM PST

The latest development in the fight over medical marijuana could sharply limit cities’ power to prohibit marijuana dispensaries.

A recent opinion, from the division of the state’s Fourth District Court of Appeals that meets in Santa Ana, holds that since California law provides for dispensaries, cities cannot ban them by declaring them to be a public nuisance.

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LATimes: Salary ‘spiking’ drains public pension funds, analysis finds

Twenty California counties, including Ventura, Kern, Los Angeles, Orange and San Diego, allow some workers to make more in retirement than they did while working. The coffers are underfunded by millions of dollars.

 

By Catherine Saillant, Maloy Moore and Doug Smith, Los Angeles Times
March 3, 2012

Approaching retirement, Ventura County Chief Executive Marty Robinson was earning $228,000 a year.

To boost her pension, which would be based on her final salary, Robinson cashed out nearly $34,000 in unused vacation pay, an $11,000 bonus for having earned a graduate degree and more than $24,000 in extra pension benefits the county owed her.

By the time she walked out the door last year, her pension was calculated at $272,000 a year — for life.

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LATimes: California city and county pensions in trouble, report says

PolitiCal
On politics in the Golden State
February 21, 2012 | 11:57 am

Many of California’s biggest local governments spend an average of 10 cents of every dollar covering pension costs, according to a study of the largest independent pension plans released Tuesday.

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LATimes: 40 officials in Orange County get conflict-of-interest warnings

Ethics panel member sends letters to council members who have voted themselves onto local boards that pay stipends up to $5,000.

By Patrick McGreevy, Los Angeles Times
February 20, 2012

Reporting from Sacramento— Dozens of city officials throughout California have voted to appoint themselves to local boards that pay stipends of up to $5,000 annually, a practice state watchdogs say violates conflict-of-interest laws.

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DailyBulletin: Critics say good riddance to RDAs

Victoria Gardens in Rancho Cucamonga. (File Photo)

Jim Steinberg, Staff Writer
Created: 02/18/2012 08:38:12 PM PST

EDITOR’S NOTE: This is part of a series of stories in which we examine how the elimination of redevelopment agencies has affected San Bernardino County.

For months, local government leaders and many economists have decried the demise of more than 400 city redevelopment agencies across the state.

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