Archive for the ‘ State of California ’ Category

jerry-brownjohn-burton

California Democratic Party chair John Burton, right, speaks with gubernatorial candidate Jerry Brown during the party’s state convention in 2010 in Los Angeles. (Hector Amezcua / Sacramento Bee file)

Capitol Alert
By Taryn Luna
tluna@sacbee.com
September 23, 2016 – 2:37 PM

The state’s political ethics commission is launching an investigation into the California Democratic Party after an advocacy group alleged the party acted as a middleman to funnel donations from oil and energy companies to Gov. Jerry Brown’s 2014 re-election campaign.

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The San Diego Union-Tribune: State auditor calls for CPUC reforms

Michael Peevey - Poland

The Hotel Bristol Warsaw, where state regulators met with a Southern California Edison executive to discuss San Onofre. (Publicity image)

Jeff McDonald
September 22, 2016

State utility regulators, already under criminal investigation for their ties to monopolies they oversee, should ban gifts and travel from energy companies and trade groups to avoid the appearance of improper relationships, a state audit released Thursday said.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 22, 2016 – 7:00 PM

There are few things more fundamentally important to life in contemporary California than transportation and housing, and both are in crisis.

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The Sun (AP): California lawmakers collect thousands on top of salary while absent

Money

By Darcy Costello and Alison Noon, The Associated Press
Posted: 09/20/16 – 8:17 PM PDT |

SACRAMENTO >> In addition to their six-figure salaries and benefits, California’s 120 lawmakers are compensated for their cost of living and meals when they leave home and travel to Sacramento to write and pass bills.

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California Supreme Court

Paresh Dave
September 21, 2016

The California Supreme Court agreed to review Yelp’s objection to a decision ordering it to strip the Internet of comments posted about a San Francisco law firm.

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Question Mark

Capitol Alert
By David Siders
dsiders@sacbee.com
September 21, 2016 – 10:31 AM

With more than 600 bills to sign or veto before a Sept. 30 deadline, Gov. Jerry Brown has yet to weigh in on significant public safety legislation, including bills affecting prostitution, rape and the ability of felons to vote.

Here are five bills worth watching:

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The Sacramento Bee: California voters will decide hundreds of tax and bond measures

Dan Walters

By Dan Walters
dwalters@sacbee.com
September 20, 2016 – 4:41 PM

We Californians cough up about $250 billion in state and local taxes each year, one of the nation’s highest tax burdens at 12-plus percent of our personal incomes.
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calpers

John Myers
Sept. 20, 2016 – 2:47 p.m.

The retiring forecaster for California’s largest public employee pension fund offered some final advice on Tuesday: State and local governments should be required to pay more into the system as soon as next year.

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The Sacramento Bee: That encyclopedia in your mailbox is a voter guide

Vote

There are two competing measures about the death penalty: Proposition 62 and Proposition 66.

Capitol Alert
The go-to source for news on California policy and politics
By Jeremy B. White
jwhite@sacbee.com
September 19, 2016 3:37 PM

If you’re planning on casting an informed vote in November, you’ve got some homework to do.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 19, 2016 – 3:21 PM

Nearly four decades after its passage, California’s Proposition 13 is still a contentious political landmark.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 18, 2016 – 4:00 PM

The last night of the Legislature’s biennial session on Aug. 31 was, as usual, a hectic free-for-all.

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AP News Break: Governor’s dinners with donors on hold

Associated Press

By Ellen Knickmeyer, Associated Press
Sep. 16, 2016 – 6:43 PM ET

SAN FRANCISCO (AP) — California Gov. Jerry Brown has put promised small dinners with political donors on hold until he finishes signing bills for the year, an aide said Friday, amid criticism of what some called paid access during a crucial decision-making time for the governor.

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The Sacramento Bee: California again has nation’s highest rate of real poverty

Dan Walters

By Dan Walters
dwalters@sacbee.com
September 13, 2016 – 4:00 PM

Gov. Jerry Brown and state legislators have been crowing about what they did for California’s poorest residents the last few years.

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The Sacramento Bee: As Legislature deadlocks, State Bar asks Supreme Court for money

State Bar of California

By Dan Walters
dwalters@sacbee.com
September 12, 2016 – 9:54 PM

Political and legal wrangling over the fate of the State Bar took another turn Monday.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 11, 2016 – 4:00 AM

The “unfunded liabilities” of state and local pension funds are California’s biggest unresolved political issue – at least in financial terms.

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The San Diego Union-Tribune: Veto talk swirled around CPUC reform bills

Jeff McDonald

By Jeff McDonald
Sept. 10, 2016 | Updated – 12:15 p.m.

  • Commission president had last-minute concern about criminal penalty provisions of law

When key bills aimed at reforming the California Public Utilities Commission died last month, much of the blame was placed publicly at the feet of a Republican floor leader — someone not typically seen as a make-or-break figure in a Democrat-dominated legislature.

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Daily Bulletin: Colonies corruption case headed to trial, here’s what you need to know

Scales of Justice

By Joe Nelson, The Sun
Posted: 09/09/16 – 12:25 PM PDT |

SAN BERNARDINO >> Prosecutors and defense attorneys in San Bernardino County’s biggest public corruption case announced Friday that after years of legal wrangling, they are ready to begin trial.

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The San Diego Union-Tribune: Sanchez calls on feds to take over CPUC probe

Jeff McDonald
By Jeff McDonald |
Sept. 8, 2016 – 5 p.m. |
Sept. 9, 2016 – Updated 7:37 a.m.

Congresswoman and U.S. Senate candidate Loretta Sanchez called Thursday for a federal takeover of the criminal investigation into the California Public Utilities Commission from her political rival, Attorney General Kamala Harris.

Read the rest of this entry »

By Jeff Horseman / Staff Writer
Published: Sept. 6, 2016 – 10:00 a.m.

The candidates in the competitive race for California’s 40th Assembly District are using video to tout their strengths to voters ahead of the Nov. 8 election.

To read expanded article, click here.

Campaign 2016

By Sarah D. Wire
September 5, 2016

With just over a month left before California starts sending out vote by mail ballots, congressional races are starting to heat up.

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Ballot Measures

By Adam Nagourney
Sept 5, 2016

LOS ANGELES — Pity the California voter.

Seventeen voter initiatives are on the state ballot in November, a glut of citizen-lawmaking that could, among other things, end the death penalty, legalize recreational marijuana, impose a tax surcharge on the wealthy and place limits on prescription drug costs.

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The Sacramento Bee: As Legislature stalemates on State Bar bill, the fallout begins

State Bar of California

Capitol Alert
By Dan Walters
dwalters@sacbee.com
September 2, 2016 – 10:49 AM

Wednesday night’s legislative stalemate on giving the State Bar permission to continue collecting dues from the state’s lawyers and, more controversially, overhauling its organization and operations, is already creating fallout.

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CPUC

Liam Dillon
August 1, 2016

A major effort to overhaul the state’s energy regulator surprisingly collapsed after late legislative maneuverings led to the unraveling of the broad coalition that had pushed for changes at the scandal-ridden agency.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 1, 2016 – 5:16 PM

The biennial legislative session that ended very early Thursday morning amassed a very substantial record of action – some positive, some negative and much whose real effects won’t be known for years.

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Jerry Brown

Gov. Jerry Brown has hundreds of bills to sign or veto before Sept. 30. Here’s what to keep an eye on.

Capitol Alert
By David Siders
dsiders@sacbee.com
September 1, 2016 – 12:33 PM

While Gov. Jerry Brown prepares to act on hundreds of bills sent to him by the Legislature in its end-of-session rush, the California Democratic Party has offered prospective donors to Brown’s political causes access to a series of small dinners with him.

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State Capitol

By John Myers
August 31, 2016

California’s 120 legislators took the oath of office in December 2014 with pledges to tackle issues like the cost of a college education, the state’s minimum wage and beyond.

So how did they do?

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Rejected

John Myers
Aug. 30, 2016 – 7:28 p.m.

Reporting from Sacramento–

Lawmakers on Tuesday narrowly rejected an effort to create new disclosure rules for California political mailers and money gathered from several donors into a single contribution.

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California Money

John Myers
Aug. 30, 2016 – 7:39 p.m.

Reporting from Sacramento–

California election officials would have until 2019 to repair or replace the state’s antiquated campaign finance database under a bill sent to Gov. Jerry Brown on Tuesday.

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I Voted

Capitol Alert
By Alexei Koseff
akoseff@sacbee.com
August 29, 2016 – 5:31 PM

California is on the verge of sweeping changes to its election system intended to boost plummeting voter turnout.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 29, 2016 – 2:43 PM

A large coalition of “goo-goos” – Capitol jargon for reform groups such as Common Cause and the League of Women Voters – wants the Legislature to shine the light of disclosure on those who provide “dark money” for political campaigns.

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California Capitol

By Melody Gutierrez
Published: August 28, 2016
Updated:   August 28, 2016 – 8:37pm

SACRAMENTO — The fate of hundreds of bills will be decided by Wednesday, when state lawmakers wrap up their two-year session.

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San Onofre

2014 photo of San Onofre nuclear power plant. (Allen J. Schaben / Los Angeles Times)

Liam Dillon
August 28, 2016

For years, state lawmakers have been trying to crack down on private meetings between utility companies and members of the California Public Utilities Commission after revelations that top officials and industry executives had frequent dinner dates, shared talking points and even sketched out details of the multibillion-dollar closure of a Southern California nuclear power plant during a secret rendezvous in a luxury hotel in Poland.

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Prosecutorial-Misconduct1

Saturday, August 27, 2016 – 10:00 a.m.

A bill imposing criminal penalties on prosecutors who withhold or hide evidence in criminal cases cleared the California Senate this week and is already headed to Governor Jerry Brown for his consideration.

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California Assembly
Republican Assembly members Don Wagner, of Irvine, Beth Gaines, of Roseville, center, and Shannon Grove, of Bakersfield, in September 2015 as the legislative year came to a close. The current two-year legislative session ends Wednesday, Aug. 31, 2016. (Rich Pedroncelli/AP)

By Jim Miller
jmiller@sacbee.com
August 25, 2016 – 7:07 PM

There’s nothing like a deadline to focus the mind.

That chestnut of time management holds particularly true for the California Legislature. In session for about eight months each year, the Legislature goes into overdrive in the days leading up to committee and floor deadlines.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 25, 2016 – 4:27 PM

As the Legislature begins the last few days of its biennial session, hundreds of measures are pending – not counting, of course, “mushroom bills” that will sprout in the dead of night and pass before anyone outside the Capitol can react.

Read the rest of this entry »

Money

Patrick McGreevy
Aug. 22, 2016 – 4:43 p.m.

In the continuing fallout from the city of Bell’s financial scandal, Gov. Jerry Brown on Monday signed a bill requiring city councils and county boards of supervisors to publicly announce pay and benefit increases for government executives before they are approved by a vote.

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California Supreme Court

Howard Blume and Joy Resmovits
August 23, 2016

Monday was the end of the line for a landmark California case challenging tenure and other traditional job protections for teachers — and the teachers won.

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Calpensions: Court pension decision weakens ‘California rule’

Pensions

Ed Mendel
August 22, 2016

The one thing some pension reformers say is needed to cut the cost of unaffordable public pensions: give current workers a less costly retirement benefit for work done in the future, while protecting pension amounts already earned.

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Aedes aegypti mosquito

In this Jan. 27, 2016, file photo, an Aedes aegypti mosquito, known to carry the Zika virus, is photographed through a microscope at the Fiocruz institute in Recife, Pernambuco state, Brazil. (AP Photo/Felipe Dana, File)

By Susan Abram, Los Angeles Daily News
Posted: 08/19/16 – 2:15 PM PDT |

California health officials on Friday urged travelers returning home from the Olympics as well as countries where Zika is spreading to continue to wear insect repellent and to practice safe sex for several more weeks, to help prevent the spread of the virus in the Golden State.

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InlandPolitics: California Senate set to pass prosecutorial misconduct legislation

Prosecutorial-Misconduct1

Friday, August 19, 2016 – 08:45 a.m.

The California legislature is set to forward legislation targeting prosecutor misconduct to Governor Jerry Brown.

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democrat_donkey

Associated Press
Posted:    08/18/2016 – 02:07:36 PM PDT
Updated: 08/18/2016 – 02:10:22 PM PDT

SACRAMENTO, Calif. (AP) — New data show nearly 18.1 million Californians are registered to vote, the second-highest statewide voter registration total ever.

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The Press-Enterprise: Whose poll is it anyway in Pete Aguilar vs. Paul Chabot race?

Paul Chabot

Republican congressional candidate Paul Chabot.

By JEFF HORSEMAN / STAFF WRITER
Published: Aug. 17, 2016 Updated: 4:05 p.m.

Unless it’s an ultra-competitive toss-up race, there’s typically not a lot of publicly available polling for congressional elections.

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The Sacramento Bee: Bill to allow more felons to vote heads to Jerry Brown

I Voted

Capitol Alert
By Alexei Koseff
akoseff@sacbee.com
August 16, 2016 – 12:44 PM

California could soon restore voting rights for tens of thousands of felons who are not serving their sentences in the state prison system.

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The San Francisco Chronicle: The mystery behind California’s high gas prices

Gas Prices

Taxes on gasoline in the Golden State tend to be among the country’s highest.

By David R. Baker
August 15, 2016
Updated: August 15, 2016 – 4:47pm

Gasoline is cheap in California compared to a year ago.

But it’s nowhere near as cheap as it could be.

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Calpensions: Dissident actuaries want to show big pension debt

calpers

Ed Mendel
August 15, 2016

Two actuarial associations did not publish a controversial paper by their joint task force, reflecting a split in the profession over whether public pension debt should be measured with risk-free bonds or the earnings forecast for stock-laden investment funds.

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Medical Marijuana

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
August 11, 2016 – 10:42 AM

The Obama administration’s decision Thursday to keep marijuana classified among the nation’s most dangerous drugs divided campaign operatives in California’s cannabis legalization debate.

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San Onofre Nuclear Power Plant

Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente. A report from Consumer Watchdog alleges that Southern California Edison, which operated the plant before it was shuttered, donated $130,000 to the California Democratic Party on the same day a Public Utilities Commission official cut a deal to make ratepayers — not shareholders — cover 70 percent of the $4.7 billion cost to close the fatally flawed facility. (AP Photo, Lenny Ignelzi)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/10/16 – 10:54 AM PDT |

Twenty-six energy companies with business before the state donated nearly $10 million to Gov. Jerry Brown and the California Democratic Party over the past eight years — donations that often were made within days or weeks of winning favors.

Read the rest of this entry »

Logistics

California’s costly tax and regulatory policies have driven scores of businesses to leave the state, reduce their operations or curtail plans to locate here, according to a report from Spectrum Location Solutions. (Photo by John Valenzuela/The Sun)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/09/16 – 1:54 PM PDT |

California’s costly tax and regulatory policies prompted more than 10,000 businesses to leave the state, reduce their operations or curtail plans to locate here between 2008 and 2015, according to a report from Spectrum Location Solutions.

Read the rest of this entry »

Daily Bulletin: Few Inland public worker pensions among highest

Pensions

By Alicia Robinson, The Press-Enterprise
Posted: 08/08/16 – 7:54 PM PDT |

High-earning state and local government retirees are scattered around the state, with no one city or agency dominating the list of the biggest pension payouts in 2015, data from an open records advocacy group show.

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Goodwin Liu

California Supreme Court Justice Goodwin Liu, shown in 2011, argued in a dissent that California officials’ public votes are not protected under state and federal free speech laws. (Paul Sakuma/Associated Press)

Maura Dolan
August 8, 2016

The California Supreme Court decided Monday that the votes of elected officials are protected free speech.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 7, 2016 – 4:46 PM

When Kevin de León talks about creating pensions for low-income workers, he cites his aunt, a housekeeper for many years, as an example.

Read the rest of this entry »

fppc logo

By Jordan Graham / Staff Writer
Updated Aug. 6, 2016 – 8:25 a.m.

The state’s political watchdog has launched an investigation into whether Orange County District Attorney Tony Rackauckas violated the Political Reform Act by failing to report charitable donations he used his influence to solicit, and by approving public funds to be spent promoting his chief of staff’s business partner.

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Gas Prices

Gasoline prices are falling, but a consumer advocacy group contends that energy companies are profiting unfairly. (Gene J. Puskar / Associated Press)

Ivan Penn
August 4, 2016

A consumer advocacy group accused oil refiners of intentionally keeping California’s gasoline prices higher than in the rest of the nation to bolster profits, despite growing inventories and falling wholesale prices.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 4, 2016 – 4:00 PM

California’s political cognoscenti took notice this week when state Treasurer John Chiang reported raising $2.3 million in the first 45 days of his campaign for governor.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 2, 2016 – 4:28 PM

It’s been painfully evident for years, if not decades, that the State Bar – the quasi-public organization that licenses lawyers and is supposed regulate their conduct – is an institutional disaster zone.

Read the rest of this entry »

red-ink

By Dan Walters
dwalters@sacbee.com
August 1, 2016 – 6:00 AM

  • California’s state and local public employee pension systems are caught in a vicious circle of rising outlays to retirees, very low pension fund earnings, higher unfunded liabilities and rising demands for more tax dollars.

Ron Seeling, the California Public Employees Retirement System’s chief actuary, believed he was speaking to a closed-door seminar in 2009 when he warned that public employee pension costs were becoming “unsustainable.”

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Calpensions: CalPERS funding gap may grow under new trend

calpers

By Ed Mendel
Monday, August 1, 2016

Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 31, 2016 – 6:00 AM

Writing a new state budget in June turned out to be, in an old saying, easy-peasy.

Read the rest of this entry »

Pay Raise

The State Worker
By Rachel Cohrs
rcohrs@sacbee.com
July 29, 2016 – 10:17 AM

The state has offered a nearly 12 percent general salary increase for SEIU Local 1000 employees spread out over four years, or a 9 percent increase over three years.

Read the rest of this entry »

Loretta Sanchez+Kamala Harris

Rep. Loretta Sanchez, left, and California Atty. Gen. Kamala Harris. (Associated Press)

Phil Willon
July 27, 2016 – 9:00.P.M.

Half of California’s likely Republican voters and a third of independents said they wouldn’t vote for either candidate in the state’s U.S. Senate race this November, according to a new poll by the Public Policy Institute of California.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 26, 2016 – 6:54 PM

The California Assembly has shown a certain appetite for institutional reform this year – noteworthy because it happens so rarely in the Capitol.

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Patrick McGreevy
July 26, 2016 – 11:28 a.m.

A political committee funded by oil companies has launched ads on the Internet attacking state Sen. Connie Leyva of Chino for opposing the reelection of Assemblywoman Cheryl Brown of San Bernardino, a fellow Democrat, and questioning Levya’s party loyalty.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 24, 2016 – 2:02 PM

  • One-percenters pay half of state income taxes
  • Temporary tax hikes didn’t spur mass exodus
  • Would extending them have different effect?

When voters passed Gov. Jerry Brown’s “temporary” tax increase in 2012, they gave California the nation’s highest marginal income tax rates, topping out at 13.3 percent.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 23, 2016 – 2:00 PM

  • Pension problems stem from 1999 benefit boost
  • Unemployment insurance ills rooted in 2003 benefit boost
  • Stockton violates austerity budget to reopen library

One day last week, Daniel Borenstein, a columnist for newspapers in the Bay Area News Group, published a critical analysis of the California Public Employees’ Retirement System’s long-term finances.

Read the rest of this entry »

Loretta Sanchez

Rep. Loretta Sanchez (D-Orange). (Tomas Ovalle / For The Times)

Phil Willon, Jazmine Ulloa
July 22, 2016

Orange County Rep. Loretta Sanchez said in an interview with a Spanish-language television station that she believes President Obama may have endorsed rival Kamala Harris in California’s U.S. Senate race because they are both black, injecting a dose of racial politics into a historic contest that in November will elect the state’s first African American or Latino senator.

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Jobs

Natalie Kitroeff
July 22, 2016

Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.

Read the rest of this entry »

Shadow Lobbying

Capitol Alert
By Taryn Luna
tluna@sacbee.com
July 21, 2016 – :33 PM

  • Ethics panel concerned lobbyists working without proper disclosure
  • New rule aimed at requiring paper trail to ease enforcement
  • Some political attorneys complain that rule creates presumption of guilt

California’s political watchdog approved a regulatory change Thursday aimed at encouraging shadow lobbyists to disclose their efforts to influence legislation.

Read the rest of this entry »

Capitol Weekly

By Cosmo Garvin
Posted 07.21.2016

When California introduced its Cal-Access campaign finance website, “There was nothing like it in the country,” said Rob Lapsley, who was under-Secretary of State in 2000, the year the campaign disclosure tool made its debut.

Read the rest of this entry »

California Supreme Court

By Liset Márquez, Inland Valley Daily Bulletin
Posted: 07/20/16 – 5:40 PM PDT |

UPLAND >> Was Upland correct in deciding to delay a citizen-backed initiative until the general election because officials believed it was a tax?

Read the rest of this entry »

fppc logo

By Alison Noon, Associated Press
Jul. 21, 2016 – 2:17 AM ET

SACRAMENTO, Calif. (AP) — California’s top political watchdog is championing a bid to crack down on lobbyists who fail to disclose efforts to influence government officials.

Read the rest of this entry »

Ann-Coulter

Ann Coulter likens Donald Trump’s vice presidential pick to friend who ‘gets engaged to a loser.

Capitol Alert
By David Siders
dsiders@sacbee.com
July 20, 2016 – 10:20 AM

  • Conservative author tells California Republicans she hasn’t seen “one minute” of Republican National Convention
  • Coulter selling a book, speaking to California delegates far from Cleveland
  • U.S. Sen. Tom Cotton expected to address delegates on Thursday

Sandusky, Ohio —

What kind of crowd-seeker will make the 60-mile slog from the Republican National Convention in Cleveland to address the California Republican Party at its daily breakfasts here?

Read the rest of this entry »

California

A new CNBC report ranks California as the nation’s least business-friendly state.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/19/16 – 6:00 PM PDT |

If you think California is a tough place to do business, you’re not alone.

Read the rest of this entry »

The Sentinel: Evidence DA, Grand Jury Adviser obstructed investigation growing

SBCO

By Mark Gutglueck
Posted on July 16, 2016

A backlog of evidence and witnesses being accumulated by investigators with the California Attorney General’s Office looking into criminal acts and negligence in San Berardino County’s Children and Family Services Department implicates San Bernardino District Attorney Mike Ramos and one of his employees, deputy district attorney Michael Dauber in an effort to obstruct justice, information provided by some of those witnesses shows.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 18, 2016 – 4:03 PM

  • Big public employee pension fund gained just 0.61 percent last year
  • With low earnings, its unfunded liability for benefits grows
  • Maintaining 7.5 percent earnings assumption doesn’t make sense

You can smear lipstick on a pig, but that doesn’t change its innate porcinity.

Read the rest of this entry »

Covered California

Monthly premiums in California’s health insurance exchange will increase by more than 13 percent on average next year after two major insurers requested large rate increases, officials said Tuesday.

By Jonathan J. Cooper,  Associated Press
July 19, 2016 – 1:01 PM

SACRAMENTO, Calif.

Monthly premiums in California’s health insurance exchange will increase by more than 13 percent on average next year after two major insurers requested large rate increases, officials said Tuesday.

Read the rest of this entry »

calpers

Business & Real Estate
By Dale Kasler
dkasler@sacbee.com
July 18, 2016 – 9:11 AM

  • Pension fund’s investment gains well below target
  • Poor stock market showing drives weak results

CalPERS reported a 0.61 percent gain in investments in its latest fiscal year, the second straight year of subpar results for the big California pension fund.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 17, 2016 – 5:00 PM

  • Property taxes will top $60 billion this year
  • San Francisco leads with 8.8 percent increase
  • Property taxes continue to outpace state levies

County property tax assessors are reporting strong upticks in taxable values for the 2016-17 fiscal year that began July 1.

Read the rest of this entry »

Hedge Fund

By Ed Mendel
July 18, 2016

The two big California public pension funds, CalPERS and CalSTRS, are going opposite ways on a controversial investment strategy, hedge funds, that is under fire from a powerful teachers union.

Read the rest of this entry »

Los Angeles

Southland economist Christopher Thornberg says California’s economy is solid, with healthy gains in employment and the housing market. Thornberg spoke Friday at a Mid-Year Economic Forecast & Trends Breakfast in Los Angeles. (File Photo by David Crane/Los Angeles Daily News)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/15/16 – 6:15 PM PDT |

The U.S. economy is in far better shape than many might think.

Read the rest of this entry »

CTA

John Myers
July 14, 2016 – 4:20 P.M.

Backers of the effort to extend the lifespan of California’s tax rates on the most wealthy boosted their campaign coffers Thursday, with a $10-million contribution from the California Teachers Assn.

Read the rest of this entry »

Sharon Runner

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
July 14, 2016 – 8:58 AM

  • Runner underwent a double lung transplant
  • Runner said earlier this year she wouldn’t seek re-election

California Sen. Sharon Runner, who returned to the Legislature last year following a double lung transplant, died Thursday. The Lancaster Republican was 62.

Read the rest of this entry »

Kamala Harris

State Atty. Gen. Kamala Harris (Irfan Khan / Los Angeles Times)

Phil Willon
July 13, 2016 – 9:51 P.M.

California Atty. Gen. Kamala Harris on Wednesday said that Philando Castile, who was shot and killed by a Minnesota police officer during a traffic stop last week, would be alive today had he been white.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
July 12, 2016 – 3:04 PM

  • California Public Employees’ Retirement System lost money
  • Fund is now well short of what’s required to cover pensions
  • CalPERS demands more from governments to cover outlays

The California Public Employees’ Retirement System – the nation’s largest pension trust fund – took a beating during the Great Recession, dropping nearly $100 billion in value.

Read the rest of this entry »

Up Arrow

Capitol Alert
By Dan Walters
dwalters@sacbee.com
July 11, 2016 – 2:32 PM

  • Strong real estate market, construction add to property tax rolls
  • Taxable values estimated to hit $5.5 trillion

A strong surge in real estate transactions, new commercial and residential construction and rising housing prices should generate a $3-plus billion increase in property tax revenues for schools and local governments during the current fiscal year.

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calpers

By Teri Sforza / Staff Writer
July 12, 2016 – Updated 7:37 a.m.

Public workers are pumping more money into retirement funds. Public agencies are pumping more money into retirement funds.

Yet the market seems distinctly unimpressed.

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