Posts Tagged: early
News
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
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
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.