Posts Tagged: early

News

Initiative targets CalPERS’ ‘poison pill’

A pension reform initiative filed last week requires voter approval of termination fees, the big upfront payment demanded by CalPERS when a plan is closed to new members. CalPERS says it needs the money to ensure payment of the pensions promised members who remain in the closed plan. The termination fee is calculated by dropping the pension fund earnings forecast from the current 7.5 percent to as low as 2.98 percent.

Opinion

Making kids a top budget priority

Elementary school students in a California classroom. ((Photo: Monkey Business Images)

A new analysis of the state budget from the nonpartisan Legislative Analysts Office identifies about $1.1 billion in new money available in the budget for discretionary spending. Gov. Jerry Brown and legislative leaders have an opportunity to make spending decisions that will prioritize children, many of whom took the brunt of budget cuts over the last decade.

News

Parched Californians back cuts in water use

The dry bed of Ivanpah Lake in San Barnardino County, which had been filled by the 2004-05 rains. (Photo: Ed Berlen)

Field Poll: By a nearly three-to-one margin (65% to 23%) Californians support Governor Jerry Brown’s call to require urban water districts to reduce their water use by an average of 25% statewide. Support for the Governor’s plan is broad-based and bipartisan, and spans all major subgroups of the state’s adult population.

Support for Capitol Weekly is Provided by: