Archive for the ‘ Budget ’ Category

VVDailyPress: State Controller reports who’s topping the pay scale

Money

Adelanto city manager, Hesperia Council highest paid locally

SHEA JOHNSON
STAFF WRITER
Posted Dec. 20, 2014 @ 8:39 pm
Updated Dec 20, 2014 at 8:59 PM

In general, city managers top the pay scale among city employees, and a report released this week by outgoing state Controller John Chiang indicates that the top brass in and around the Victor Valley and Barstow regions are not an exception to this trend.

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SacBee: Jerry Brown’s budget: Five things to watch

Jerry Brown

Gov. Jerry Brown gestures to a chart as he discusses his revised 2013-14 state budget plan at the Capitol in Sacramento, Calif., on Monday, May 13, 2013. Rich Pedroncelli / AP

Capitol Alert
The go-to source for news on California policy and politics
By David Siders and Jim Miller –
dsiders@sacbee.com

12/19/2014 4:08 PM | Updated: 12/19/2014 4:16 PM

Gov. Jerry Brown’s January budget proposal is just around the corner, and it’s the event every lawmaker, lobbyist and chief financial officer in your life will be talking about over the holidays.

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The Sun: San Bernardino has bankruptcy workplan, gag order loosened

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 12/16/14, 8:58 PM PST | Updated: 28 secs ago

SAN BERNARDINO >> The city has a “work plan” to prepare its bankruptcy exit plan, and it’s been reviewed by the entire City Council — not just the small team that previously was allowed to know details of the confidential mediation where much of the city’s bankruptcy plan has been ironed out.

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By Chris Megerian
December 16, 2014

Despite efforts to tackle pension costs, state leaders have not set aside money for retiree healthcare

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Calpensions: CalPERS: extra contributions can yield big savings

calpers

By Ed Mendel
December 15, 2014

CalPERS is encouraging government employers to make extra payments to reduce their pension debt or “unfunded liability” if budgets allow, saying millions can be saved in the long run.

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SacBee: Opinion: Pension cost avoidance creates gaps

Dan Walters

By Dan Walters
dwalters@sacbee.com
12/14/2014 12:01 AM

California’s perpetual political debate over public employee pensions usually focuses on the benefits themselves – whether they are fair compensation for those doing the public’s work or, conversely, too generous.

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VVDailyPress: Adelanto councilman calls for jail moratorium

Prisonville

BROOKE SELF
STAFF WRITER
Posted Dec. 12, 2014 @ 8:10 pm
Updated Dec 12, 2014 at 8:27 PM

ADELANTO — While the Adelanto City Council will vote on a fifth prison in the city next month, one politician thinks that is enough.

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CCTimes: Conservatives blast Kevin McCarthy for CRomnibus

Kevin McCarthy

McCarthy

By Josh Richman
Friday, December 12th, 2014 at 11:57 am

A conservative super PAC is trashing House Majority Leader Kevin McCarthy, R-Bakersfield, for helping pass the $1.1 trillion “CRomnibus” spending bill, which some say doesn’t do enough to roll back President Obama’s executive actions on immigration.

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WashPost: What’s in the spending bill? We skim it so you don’t have to

Federal Omnibus Spending Bill 2014-15

A copy of the fiscal 2014 spending bill is arranged for a photograph in Washington Jan. 14. (Andrew Harrer/Bloomberg)

By Ed O’Keefe
December 10, 2014 at 10:30 AM

{This item has been updated and revised.}

The $1.01 trillion spending bill unveiled late Tuesday will keep most of the federal government funded through next September — and it’s packed with hundreds of policy instructions, known on Capitol Hill as “riders,” that will upset or excite Democrats, Republicans and various special interest groups.

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Political: Budget bill shows GOP’s new muscle

House Speaker John Boehner Holds Weekly News Conference

Speaker of the House John Boehner is pictured. | Getty

Politico

By David Rogers
12/9/14 8:41 PM EST
Updated 12/10/14 8:51 AM EST

Capping weeks of backroom talks, House Republicans filed a $1.1 trillion year-end spending bill Tuesday night — a giant package that’s both a last marker for this Congress and first step toward GOP control in the next.

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SacBee: California’s tax battle looms in ’16

Dan Walters

By Dan Walters
dwalters@sacbee.com
12/05/2014 10:12 PM

When Democrats lost their legislative supermajorities last month, it doomed even the very faint chance that legislators would enact the hefty tax increases liberal groups yearn to impose.

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SFChronicle: UC’s new motto: Take the money and run

Debra J. Saunders

By Debra J. Saunders
Updated 3:39 pm, Friday, December 5, 2014

When Gov. Jerry Brown was pushing Proposition 30 in 2012, he sold his measure with the promise that the income and sales tax increases in his measure would put off sharp tuition increases in the UC and CSU systems. Sacramento increased state funding for the University of California and California State University by 5 percent annually for two years, then 4 percent annually for the next two years. Budget documents heralded a four-year deal that would keep tuition flat.

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The Sun: San Bernardino County seeking injunction to prevent nurses’ strike

SBCO

By Jim Steinberg, The Sun
Posted: 12/04/14, 5:28 PM PST | Updated: 28 secs ago

San Bernardino County officials are seeking to block a planned strike by its 1,100 member nurses union, saying a two-day event next week “could cost taxpayers millions of dollars” if the county is forced to hire temporary nurses.

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California Money

By Joanna Lin / December 4, 2014

California taxpayers spend about $40 billion a year to pay their fire chiefs, mayors, tree trimmers and thousands of other city and county employees. Some – including harbor pilots in Los Angeles – make more than $300,000 a year. Others receive as little as $190, the payout for one planning commissioner in tiny Alpine County.

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SacBee: Multimillion dollar California Senate shortfall behind layoffs

Kevin de Leon+Jerry Brown

Senate President Pro Tem Kevin de León, D-Los Angeles, left, seen with Gov. Jerry Brown, found out he had to cut the Senate’s budget. The California Senate faced an estimated budget shortfall of $3 million to $4 million through June, a top Senate official said this week. (Steve Yeater The Associated Press)

By Jim Miller
jmiller@sacbee.com
12/03/2014 10:14 p.m.

//The California Senate faces an estimated budget shortfall of $3 million to $4 million through June, a top Senate official said this week, offering the first detailed explanation of the fiscal problems behind last month’s layoffs of 39 Senate employees.

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The PE: STATE FUNDING: Roth introduces bill to help new cities

Published: Dec. 2, 2014 Updated: 11:20 p.m.

The California legislature’s 2013-2014 session ended Nov. 30 and, with it, any hope of an override of Gov. Jerry Brown’s veto of a bill that would have restored vehicle license fee revenue to Eastvale, Jurupa Valley, Menifee and Wildomar.

To read story by Sandra Stokley in The Press-Enterprise, click here.

By Lisa Mascaro, Michael A. Memoli and Joseph Tanfani
December 2, 2014

Hoping to prevent a government shutdown by opponents of President Obama’s immigration plan, House Speaker John A. Boehner floated a proposal Tuesday for funding most of the government — but not the immigration agencies — through the end of the 2015 fiscal year.

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Politico: John Boehner makes sales pitch to GOP

John Boehner

House Speaker John Boehner (R-Ohio)

Votes on a year-end congressional deal hinge on Rep. Yoho.
By Jake Sherman and Anna Palmer
12/1/14 9:51 PM EST / Updated 12/2/14 10:09 AM EST

Top House Republicans agree on a two-part plan to keep the government from closing in nine days. Now comes the hard part: selling it.

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Calpensions: Vallejo first to test no pension cut in bankruptcy

Pension Reform

By Ed Mendel
Monday, December 1, 2014

What happens when a bankrupt city does not cut its largest debt, pensions, is getting its first test in Vallejo, which has higher average pensions and higher CalPERS rates than the two larger cities still in bankruptcy, Stockton and San Bernardino.

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National Journal

By Billy House and Sarah Mimms
November 30, 2014

Lawmakers reconvene Monday for the final two weeks of the 113th Congress, with some Republicans clamoring to use the power of the purse to block President Obama’s executive action on immigration and Democrats warning that such a strategy could lead to another government shutdown.

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SacBee: Opinion: California’s big projects still face money questions

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/30/2014 12:01 AM

Jerry Brown occasionally suggests that a bullet-train system and twin water tunnels in the Sacramento-San Joaquin Delta were born during his first governorship.

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By Jim Puzzanghera
November 29, 2014

The incoming Republican majority in Congress is preparing to give number-crunching a controversial twist, and the new math could make it easier for the GOP to cut taxes.

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SacBee: California fails to collect billions in court-ordered debt

By Jim Miller
jmiller@sacbee.com
11/28/2014 2:23 PM

California government is missing out on collecting billions of dollars in fines, victim restitution and other court-ordered debts, with current law offering conflicting fiscal incentives for the mix of agencies charged with getting the money, according to a recent report by the Legislature’s nonpartisan fiscal experts.

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LATimes: Big state tax decisions lie ahead for California voters

Los Angeles Skyline

A tough battle is expected over an attempt to change how the state’s 36-year-old landmark property tax initiative, Proposition 13, treats commercial property, said Rex Hime, president of the California Business Properties Assn. (Scott Harrison)

By Marc Lifsher
November 27, 2014

Picking a new president might not be the only crucial issue before California voters at the polls in two years’ time.

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LATimes: Cal State funding talks include scenario of turning away freshmen

California State University

By Carla Rivera
November 25, 2014

The University of California’s decision to raise tuition generated much controversy.

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SacBee: Brown-UC clash isn’t over money

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/25/2014 9:31 PM

The confrontation between Gov. Jerry Brown and the University of California is ostensibly about money.

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Politico: GOP leaders uniting around plan to avoid shutdown

House Republican Leadership Address The Media After Conference Meeting

Sen. Mitch McConnell and Speaker of the House John Boehner are pictured. | Getty

By Jake Sherman and John Bresnahan
11/24/14 7:29 PM EST
Updated 11/25/14 8:39 AM EST

House Republican leaders are beginning to coalesce around a strategy to avoid a government shutdown in less than a month.

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UTSanDiego: CalPERS wins yet another hollow victory

Pat Morris

Former San Bernardino Mayor Pat Morris ponders a question Wednesday, July 11, 2012, regarding the city council vote authorizing a bankruptcy filing outside San Bernardino City Hall in San Bernardino, Calif. (AP Photo/The San Bernardino Sun, Rick Sforza) Former San Bernardino Mayor Pat Morris ponders a question Wednesday, July 11, 2012, regarding the city council vote authorizing a bankruptcy filing outside San Bernardino City Hall in San Bernardino, Calif. (AP Photo/The San Bernardino Sun, Rick Sforza) — AP

Bankrupt San Bernardino rolls over, but pension problems persist
By Steven Greenhut
Nov. 21, 2014

SACRAMENTO — The recent announcement that the bankrupt city of San Bernardino has agreed to fully pay its pension debt to the California Public Employees’ Retirement System has public-employee unions cheering. But pension reformers, though demoralized, believe the CalPERS victory is a hollow one.

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SacBee: Opinion: Brown tries to hold line on spending

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/20/2014 8:27 PM

The election is over, the Legislature will soon reconvene and interest groups are starting to beat their drums – signals that the Capitol will soon begin its annual spasm of Darwinian combat known as the state budget.

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University of California

Tuition going up at University of California

By Larry Gordon
November 20, 2014

Over the din of students chanting their protest, the University of California regents voted 14-7 on Thursday to approve tuition increases of as much as 5% for each of the next five years.

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Allen Young
Staff Writer- Sacramento Business Journal
Nov 19, 2014 – 2:16pm PST Updated: Nov 19, 2014 – 3:06pm PST

Incoming tax dollars are predicted to climb about $2 billion above estimates in this year’s state budget, the nonpartisan Legislative Analyst’s Office reported Wednesday. But lawmakers could not spend the windfall on anything but public education, due to funding formulas guaranteed under state law.

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San Bernardino Seal

By Ed Mendel
November 20, 2014

A former Stockton city manager, Bob Deis, regarded as the architect of the Stockton plan to exit bankruptcy, is part of a consulting team hired by bankrupt San Bernardino this week to develop an exit plan.

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SacBee: UC regents move tuition increase plan forward

University of California

By David Siders and Alexei Koseff
dsiders@sacbee.com
11/19/2014 11:17 PM

SAN FRANCISCO — University of California regents moved forward with a controversial plan Wednesday to raise tuition if the state does not give the system more money, with the proposal expected to be finalized Thursday.

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InlandPolitics: San Bernardino County pension fund still has $2 billion funding gap

SBCO

Wednesday, November 19, 2014 – 09:00 a.m.

San Bernardino County’s pension fund isn’t in horrible shape. But it isn’t in great shape either!

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San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 11/18/14, 7:46 PM PST |

RIVERSIDE >> San Bernardino has six months to come up with a detailed plan to exit bankruptcy or its case will be thrown out of court.

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SacBee: Opinion: Big pension gap won’t vanish soon

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/18/2014 10:15 PM

State Controller John Chiang performed an admirable public service by publishing a detailed report on the finances of California’s public employee pension systems.

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San Bernardino Sign

The city’s lawyers suggested San Bernardino wasn’t eager to pick a fight with the nation’s largest public pension fund.

By Dale Kasler
dkasler@sacbee.com
11/18/2014 11:08 PM

Public employees and retirees in California absorbed a potentially devastating court ruling a little more than a month ago: Pension benefits can be legally slashed if their employers go bankrupt.

The cities in a position to cut pensions, however, have shown no interest in doing so.

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The Sun: San Bernardino pulls move toward outsourcing police

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 11/17/14, 3:35 PM PST | Updated: 57 secs ago

SAN BERNARDINO >> A move to ask the Sheriff’s Department to submit a bid to police the city was dropped Monday at the request of Mayor Carey Davis.

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SacBee: California tax revenue beating estimates

Tax Reform

By David Siders
dsiders@sacbee.com
11/17/2014 1:19 PM

Tax revenue to California’s general fund is running more than $1 billion above estimates since the July 1 start of the fiscal year, the state said Monday, as Gov. Jerry Brown prepares for another round of budget talks next year.

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InlandPolitics: San Bernardino to explore outsourcing public safety services again!

San Bernardino City Fire Departmentsan bernardino police

Saturday, November 15, 2104 – 12:00 p.m.

San Bernardino City Hall is once again making overtures in regards to the outsourcing of police services to the Sheriff’s Department.

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LATimes: California pension funds are running dry

John Chiang

New data on California public pensions from a website created by state Controller John Chiang come at a time of growing anger from taxpayers over the skyrocketing cost of public workers’ retirements. (Cheryl A. Guerrero / Los Angeles Times)

By Marc Lifsher
November 13, 2014

A decade ago, many of California’s public pension plans had plenty of money to pay for workers’ retirements.

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SacBee: California post-recession tax revenue growth exceeds U.S. average

california_state_flag

By Jim Miller
jmiller@sacbee.com
11/11/2014 2:42 PM

Despite dropping during the first three months of the year, state government tax revenue continued to surpass pre-recession levels through the end of June, according to a new study by The Pew Charitable Trusts.

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SFChronicle: Jerry Brown looks to solidify legacy with big state projects

Chiseling Into Rock

By Melody Gutierrez and Carla Marinucci
Sunday, November 9, 2014

SACRAMENTO — Fresh off winning a historic fourth term as governor, Jerry Brown plans to push ahead with a pair of projects that could transform the California landscape: high-speed rail and delta water tunnels.

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The Sun: San Bernardino will look to outsource, raises taxes

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 11/06/14, 8:36 PM PST |

San Bernardino voters’ decision not to change the way police and firefighters are paid is a “game-changer” that could mean outsourcing services and going back to voters next year — this time to raise taxes, the city’s bankruptcy attorney said Thursday.

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LATimes: Brown brushes off GOP opposition to bullet train

nomoney1

By Michael Finnegan
November 6, 2014

Gov. Jerry Brown played down concerns Thursday about Republicans killing the state’s $68-billion bullet train, saying that “they’re going to join the chorus” in support of high-speed rail once construction around Fresno and Bakersfield gains momentum.

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LATimes: Different pension rulings expected in Stockton, Detroit bankruptcies

Pension-Fund

By Marc Lifsher
November 2, 2014

Stockton employees and retirees avoided pension cuts when a federal judge last week approved the San Joaquin Valley city’s plan to emerge from bankruptcy.

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San Bernardino Seal

By Ed Mendel
Monday, November 3, 2014

The city charter has forced San Bernardino to give police two pay raises since declaring bankruptcy, one costing $1 million and the other $1.3 million. Now voters are being asked Tuesday to change the charter and prevent a third automatic pay raise.

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SacBee: Opinion: Controller John Chiang drops bombshell on California public pensions

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/01/2014 5:00 PM

State Controller John Chiang dropped a political bomb the other day, although he was so quiet about it, one could say it was a stealth bomb.

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SacBee: Judge approves Stockton’s plan to repay creditors, leaving pensions intact

Gavel

By Dale Kasler
dkasler@sacbee.com
10/30/2014 9:20 PM

Government pensions in California remain untouchable, at least for now, after a bankruptcy judge approved Stockton’s plan to repay its creditors Thursday without reducing the city’s pension obligations.

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San Bernardino Seal

By Tim Reid
LOS ANGELES
Thu Oct 30, 2014 – 1:04pm EDT

(Reuters) – Voters in bankrupt San Bernardino, California, will decide next week whether to scrap a budget rule that sets pay for police and firefighters based on salary levels in wealthier cities.

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LATimes: Stockton bankruptcy ruling will decide fate of public pensions

US Bankruptcy Court

By Marc Lifsher and Melody Petersen
October 29, 2014

In a closely watched case, a federal judge on Thursday is expected to decide whether the bankrupt city of Stockton can continue to pay employees generous pensions that soon could consume one-fifth of municipal revenues.

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SFChronicle: Gov. Jerry Brown downplays possibility of tax-hike extension

Jerry Brown

By Carla Marinucci
Monday, October 27, 2014

Emphasizing what he called the Democratic Party’s commitment to frugal governing, Gov. Jerry Brown downplayed the chances Monday of returning to the voters to renew sales and income tax increases when they expire starting at the end of 2016.

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The Sun: San Bernardino: Charter to cause $1.3 million in raises this year

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 10/23/14, 8:24 PM PDT |

SAN BERNARDINO >> The cost of police salary increases required by the city Charter Section 186 will surpass $1.3 million for the 2014-15 year, according to City Manager Allen Parker.

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Pensions

Governments sent CalPERS more than $8 billion last year, an amount that has quadrupled in the last 10 years. (Thomas Fuchs / For The Times)

By Melody Petersen and Marc Lifsher
October 23, 2014

Directing traffic is part of a police officer’s job, and in the city of Fountain Valley, keeping cars moving comes with a $145 monthly bonus — and a bigger pension.

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calpers

October 23, 2014

The board of the California Public Employees’ Retirement System voted to add to a recent pension reform law 99 bonuses that can boost workers’ current paychecks and also their future pensions. Here are some of these retirement-enhancing bonuses:

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SacBee: Dan Walters: Opinion: Local measures will test support for tax extensions

Dan Walters

By Dan Walters
dwalters@sacbee.com
10/20/2014 6:54 PM

It’s virtually certain that California voters will be asked in 2016 to extend – perhaps permanently – the temporary increases in sales and income taxes that they approved in 2012.

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calpers

By TERI SFORZA
STAFF COLUMNIST
tsforza@ocregister.com
Published: Oct. 19, 2014 Updated: Oct. 20, 2014 10:37 a.m.
image0-Watchdog: Thousands join the ‘$100K club’ for pensions

Back in 2005, some 1,841 retirees pulled down more than $100,000 a year in pension checks from the California Public Employees’ Retirement System.

By 2009, this so-called “$100K club” had more than tripled, to 6,133 members.

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DailyBulletin: Upland council pays back debts with surplus revenue

Upland seal

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 10/16/14, 1:00 PM PDT | Updated: 1 min ago

UPLAND >> The city was left with a $6.3 million surplus after positive revenue gains and winnings from two legal settlements in the last fiscal year.

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SacBee: Dan Walters: Tax reform a better option, but Prop. 2 is only game in town

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Saturday, Oct. 11, 2014 – 8:07 pm

The Capitol’s politicians have known for years – and should have known for decades – that the state budget’s ever-increasing dependence on personal income taxes, especially those from high-income taxpayers, posed a big problem.

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The PE: POLITICS: Roth seeks override on veto of vehicle fee measure

Veto Override

Special legislative session would be required to overturn Gov. Brown’s rejection of funding for Eastvale, Jurupa Valley, Menifee and Wildomar.

Published: Oct. 6, 2014 Updated: Oct. 7, 2014 11:21 a.m.

Possibly reviving four Inland cities’ hopes for financial stability, state Sen. Richard Roth, D-Riverside, is seeking to reverse the veto of a bill that would have restored vehicle license fees to Eastvale, Jurupa Valley, Menifee and Wildomar.

To read story by Alicia Robinson in The Press-Enterprise, click here.

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 10/06/14, 8:36 PM PDT | Updated: 1 min ago

SAN BERNARDINO >> Mayor Carey Davis broke a tie late Monday to impose new terms and conditions of employment on the city’s firefighters.

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Calpensions: Pensions still a puzzle in Stockton bankruptcy

Pieces to the Puzzle

By Ed Mendel
October 6, 2014

A federal judge ruled last week that Stockton’s CalPERS pensions can be cut in bankruptcy. But Stockton does not want to cut pensions, and the lone holdout creditor says it can be paid without cutting pensions.

Read the rest of this entry »

The Sun: Agreement between San Bernardino and police union breaks down

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 10/01/14, 9:17 PM PDT | Updated: 31 mins ago

SAN BERNARDINO >> A tentative agreement between the city and the police union that both sides trumpeted months ago has broken down, union president Steve Turner said Wednesday.

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The PE: RIVERSIDE COUNTY: Angry officials see politics in governor’s veto

Veto

A veto is the latest setback in the effort to restore millions in lost vehicle-license fees to new cities; an override of the veto seem unlikely.

Published: Sept. 29, 2014 Updated: 10:37 p.m.

Gov. Jerry Brown’s veto of a bill to restore up to $19 million to four fledgling Riverside County cities has some Inland officials questioning if politics played a role in the decision that could lead Jurupa Valley to dissolve.

To read story by Jeff Horseman, Sandra Stokley and Michael J. Williams in The Press-Enterprise, click here.

The PE: SACRAMENTO: Governor vetoes bill to restore new cities’ funding

Veto

Eastvale, Menifee, Wildomar and especially Jurupa Valley have struggled since vehicle license fee revenue was diverted in 2011

Published: Sept. 28, 2014 Updated: 11:44 p.m.

Jurupa Valley’s hopes of getting a budget boost from the state were dashed Sunday when Gov. Jerry Brown vetoed a bill that would have restored funding diverted in 2011 from the state’s four newest cities, all of which are in Riverside County.

To read story by Nikie Johnson in The Press-Enterprise, click here.

SacBee: California GOP endorses water bond, rainy-day fund

By Christopher Cadelago
ccadelago@sacbee.com
Published: Sunday, Sep. 21, 2014 – 10:30 am

LOS ANGELES — California Republicans have given their blessing to a pair of measures on the Nov. 4 ballot heavily favored by Democratic Gov. Jerry Brown and legislative Democrats.

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The PE: RIVERSIDE COUNTY: Supervisor wants more details on lawsuit costs

Riverside-County-Seal

Published: Sept. 20, 2014 Updated: 4:52 p.m.

Riverside County Supervisor Kevin Jeffries wants county department budgets to more clearly reflect the cost of lawsuits stemming from their actions.

To read story by Jeff Horseman in The Press-Enterprise, click here.

San Bernardino

Downtown San Bernardino. (File Photo)

By Ryan Hagen, The Sun
Posted: 09/20/14, 8:57 PM PDT | Updated: 58 secs ago

Hearings have begun on Detroit’s plan to exit bankruptcy, slightly more than a year after the distressed Motor City filed for bankruptcy — and at least six months before San Bernardino, which filed for bankruptcy a year before Detroit, expects to even come up with a plan.

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The Hill: House approves $1T spending bill

The Hill

By Rebecca Shabad – 09/17/14 05:35 PM EDT

The House on Wednesday approved a $1 trillion stopgap-spending bill to keep the government funded through December 11.

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SacBee (AP): S&P: California recovers growth with tax increases

Standard and Poor's

By JUDY LIN
Associated Press
Published: Sunday, Sep. 14, 2014 – 9:01 pm

SACRAMENTO, Calif. — Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, according to a new study released Monday by credit rating agency Standard & Poor’s.

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SacBee: Dan Walters: Taxes on rich closed the state budget deficit

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Saturday, Sep. 13, 2014 – 9:18 pm
Last Modified: Saturday, Sep. 13, 2014 – 9:33 pm

As Jerry Brown seeks his fourth term as governor this year, he’s crowing about balancing the state budget after years of deficits that piled up a “wall of debt.”

Certainly Brown deserves some of the credit.

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Reuters: Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

San Bernardino Seal

By Tim Reid
RIVERSIDE Calif. Thu Sep 11, 2014 7:51pm EDT

(Reuters) – The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday.

Read the rest of this entry »

Yucaipa City_Logo

By Sandra Emerson, Redlands Daily Facts
Posted: 09/11/14, 4:41 PM PDT |

YUCAIPA >> The city has reached an agreement with its managers and supervisors.

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InlandPolitics: San Bernardino County pension fund underperforms

SBCO Seal

Thursday, September 11, 2014 – 09:45 a.m.

The pension fund for San Bernardino County employees exceeded its assumed rate of return of 7.75% for the 2013-14 fiscal year, but that’s about it.

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Riverside-County-Seal

BY JEFF HORSEMAN / STAFF WRITER
Published: Sept. 9, 2014 Updated: Sept. 10, 2014 11:18 a.m.

After several years of deficits and financial struggles, Riverside County Regional Medical Center should have a balanced budget this fiscal year, the county-run hospital’s interim CEO said Tuesday.

To read story by Jeff Horseman in The Press-Enterprise, click here.

LATimes: Pension ‘spiking’ to cost CalPERS nearly $800 million, controller says

calpers

By Marc Lifsher
September 9, 2014

Taxpayers and local governments are on the hook to pay nearly $800 million stemming from “legal” pension spiking over the next two decades, the state controller said Tuesday.

Read the rest of this entry »

Politico: House GOP offers stopgap funding

Politico

By DAVID ROGERS | 9/9/14 8:38 PM EDT Updated: 9/9/14 9:12 PM EDT

House Republicans rolled out a stopgap spending bill to keep the government funded through Dec. 11 but also reshaping the budget landscape in a manner that tilts toward the GOP if it should win control of the Senate in November.

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Calpensions: CalSTRS debt report drops from $167B to $59.5B

Calstrs

By Ed Mendel
Monday, September 8, 2014

CalSTRS was bracing to report the nation’s biggest pension debt under new government accounting rules that take effect this fiscal year — $167 billion, an amount so huge some thought it might increase the cost of issuing local school bonds.

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AP: Bullet-train foes seek state Supreme Court review

High-Speed Rail

AP California News
Sep 2, 7:45 PM EDT
By JULIET WILLIAMS
Associated Press

SACRAMENTO, Calif. (AP) — Opponents of California’s $68 billion high-speed rail project submitted an appeal Tuesday to the state Supreme Court, asking it to overturn a lower court’s ruling that allowed the project to proceed despite questions about whether it complies with promises made to voters.

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The PE: COURTS: Budgets still lean for Inland counties

scales-of-justice

Published: Sept. 1, 2014 Updated: 10:11 p.m.

Budgets for Inland superior courts increased from the previous fiscal year by about $6 million for each system, allowing for small improvements – but services and most courtrooms shuttered by recession-era budget cuts will remain closed.

To read story by Richard K. De Atley in The Press-Enterprise, click here.

calpers

By Ed Mendel
Monday, September 2, 2014

A small but affluent Orange County city, with a current staff of only a half dozen employees, would have to pay about $3.6 million to leave CalPERS, the giant state pension system estimated two years ago.

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Money

Published: Aug. 21, 2014 – Updated: 1:22 p.m.

California’s Senate on Thursday passed legislation that would restore vehicle license fee revenue to four fledgling cities in Riverside County.

To read post by Jeff Horseman in the P-E Political Empire Blog, click here.

Upland: Poll: Upland residents won’t support tax increase

Upland seal

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 08/21/14, 9:02 PM PDT |

UPLAND >> Residents would not support tax measures on the November ballot, according to a recent city poll.

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The Sun: San Bernardino taking on more of its waste-collection services

San Bernardino Seal

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 08/19/14, 10:44 PM PDT | Updated: 11 hrs ago

SAN BERNARDINO >> The city is expected to expand its waste-hauling service and gain new revenue with the expiration of franchise agreements for two long-standing companies working here.

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calpers

By Jon Ortiz
jortiz@sacbee.com
Published: Wednesday, Aug. 20, 2014 – 11:10 am

A divided CalPERS board approved a regulation Wednesday that will allow nearly 100 different types of supplemental pay to count toward pension calculations for state and local government employees.

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