Posts Tagged: cuts
News
This was supposed to be a big health care year for California. Democratic Gov. Gavin Newsom in January unveiled ambitious proposals to help him achieve his goal of getting every Californian health care coverage. Though it was far less than the single-payer promise Newsom had made on the gubernatorial campaign trail, his plans, if adopted, would have expanded the health care system as no other state has.
News
Facing the likelihood of a slow and withering death, the California stem cell agency is edging gingerly forward on a path of “cuts” and risky fund-raising in hopes that its research results will soon generate voter support for more billions of dollars. Two governing board committees of the $3 billion agency, formally known as the California Institute for Regenerative Medicine (CIRM), on Monday. Nov. 27, recommended that the full board “entertain” the proposals at its Dec. 14 meeting.
News
For the past 5 years, parched Californians suffered through the state’s worst drought. Wildfires, reduced crop production, environmental damage, cities running dry – all were part of the misery. But with the drought now broken by an unprecedented wet season and snowpack, it’s possible to look back and see the positives, especially when it comes to the state budget.
News
Calpensions: In another ruling allowing pension cuts, an appeals court last week overturned a state labor board ruling that a voter-approved San Diego pension reform was invalid because the city declined to bargain the issue with labor unions.
Opinion
OPINION: Just as the state’s Renewable Portfolio Standard requires electric utilities to phase in a specific amount of clean energy in our electricity mix, the LCFS mandates that the oil industry phase in cleaner fuels to tackle the state’s biggest source of greenhouse gas emissions: the fuel that runs our cars, trucks, and buses.
News
San Bernardino’s plan to exit bankruptcy, possibly next year, cuts the pensions of 23 retired police officers who receive an unusual supplement to their regular CalPERS pension. The supplement boosts pensions to the same amount now common among police and firefighters, a standard set by the Highway Patrol in a CalPERS-sponsored bill, SB 400 in 1999.
News
A union coalition contends that a proposed initiative is being falsely portrayed as only a potential cut in pensions for new employees, when in fact it could cut or eliminate pensions earned by current employees for work done in the future. One of the initiative authors, former San Jose Mayor Chuck Reed, disagrees with the union reading of the proposal. But it’s a key pension reform issue that could lead to another disputed initiative title and summary.
News
For the 133-year-old Los Angeles Times and other print news publications adapting to the digital media age, the only thing that’s certain is an uncertain future. That became clearer than ever when the Tribune Company announced last week that on Aug. 4 it will create a new corporation known as the Tribune Publishing Company to take over its eight newspapers, including the L.A. Times and Chicago Tribune.
Opinion
OPINION: With this proposal, the Governor, who has shown recent leadership in stabilizing revenues and beginning to restore programs cut during the recession, is calling for a restructuring of the state’s existing rainy day fund, known as the Budget Stabilization Account (BSA). (An alternative proposal approved by the Legislature in 2010 is scheduled to appear on the statewide ballot in November.)
News
The Vallejo city council last week voted to close a $5.2 million gap in the current budget, showing no alarm that in a five-year forecast the gap reopens, mainly driven by rising pension costs. Moody’s, a Wall Street credit rating agency, said earlier that Vallejo and two California cities currently in bankruptcy, Stockton and San Bernardino, risk returning to insolvency without pension relief.
Gov. Gavin Newsom at a March 4 press briefing on the coronavirus pandemic. (Photo: Rich Pedroncelli, AP)
