Posts Tagged: funding
News
In California’s 3rd Senate District, two colors stand out: blue and green. Blue for water, green for money. The water, because SD3’s southern portion includes a piece of the Sacramento-San Joaquin River Delta. The money, because in addition to conventional campaign donations, large sums from outside independent expenditure committees are fueling the race.
Opinion
OPINION: Protecting our climate is very important to the indigenous people of the Amazon. In the Brazilian state of Acre, where I live, we’re already seeing terrible heat, floods and droughts that we never used to experience. That’s why cooperation with California to protect our forests is important to people here.
Opinion
Six months after Gov. Jerry Brown called for a special session of the Legislature to fix the state’s crumbling roads, the potholes are just as deep, the motorists are just as irritated and the multibillion-dollar price tag is just as high. The goal is to offer a package to improve the worst of the state’s 50,000 miles of state-run roads and 13,000 bridges, and provide new capacity in freight-clogged zones and provide a regular source of funding over time.
News
Former San Jose Mayor Chuck Reed and current Atlanta Mayor Kasim Reed have more in common than their last names. Both have the same broad pension story. But last week, Atlanta had a very different ending.
News
Because the system is underfunded, the CalSTRS board has made no inflation adjustment in the death benefit since 2002. The board was told that it could have increased the death benefit by about 34.7 percent during the period.
Opinion
The retirement security of California’s retired, current, and future teachers and the stability of the state’s pension fund for educators would be put at risk if a ballot measure addressing those issues is approved by California voters next November, according to an internal analysis by CalSTRS that I requested as chairman of the Assembly’s Committee on Public Employees, Retirement, and Social Security.
News
Hoping to fill a “billion-dollar hole,” lawmakers were poised to gather in a special session to figure out new sources of funding for the state’s complex health care programs – including Medi-Cal.
News
CalPERS is considering small increases in employer and employee rates over decades to reduce the risk of big investment losses, a policy that also would lower an earnings forecast critics say is too optimistic. The proposal is a response to the “maturing” of a CalPERS system that soon will have more retirees than active workers. From two active workers for each retiree in 2002, the ratio fell to 1.45 to one by 2012 and is expected to be 0.8 to 0.6 to one in the next decades.
News
The push back from schools hit with a huge CalSTRS rate increase, expected to be an additional $3.7 billion a year when fully phased in, is not that it’s unaffordable and will hurt students or unfairly lets the state and teachers off the hook. Instead, a coalition of school districts, including the giant Los Angeles Unified School District, wants a separate budget item for the CalSTRS rate increase within Proposition 98.
Opinion
California’s universities receive more and more applications every year. Last year there were a record 193,873 applicants to the University of California and 290,473 to the California State University system. Each applicant applied, on average, to two or three campuses. But just as this demand is growing, more and more eligible students are being turned away from California’s universities.
Downtown Davis, population center of the 3rd Senate District. (Photo: Miles530, via Wikipedia)
