Posts Tagged: increases
OPINION: In the past six months, the volatility of fuel prices has been a major concern for Californians as well as a contentious issue between politicians and oil refiners. Even with gas prices decreasing upwards of $0.70 a gallon, the average price per gallon now is significantly more than it was this time last year.
Digging into it, we can see that California has been experiencing at least one area with a lull in registration. Looking at the voter file and codes from the secretary of state on registration methods, we can see hundreds of thousands fewer DMV registrations than would be expected since the lock down began.
Assemblywoman Lorena Gonzalez wrapped up this legislative year feeling pretty good about her accomplishments. Despite often fierce opposition, the San Diego Democrat was able to pass 11 pieces of legislation, including those that protect child sexual abuse survivors and workers.
The main California State Teachers’ Retirement System pension fund is seriously underfunded, and school district pension costs are more than doubling, biting deep into classroom budgets. But the agency, called CalSTRS for short, has an inflation-protection fund with a growing $9.8 billion surplus and an eye-popping positive cash flow.
In California, people shopping for 2018 coverage in the state’s exchange, Covered California, will still have the full three months they’ve had in recent years, starting on Nov. 1 and ending Jan. 31. And the state Legislature last week passed a bill, currently awaiting the signature of Gov. Jerry Brown, that would ensure a three-month enrollment window for consumers seeking coverage in 2019 and beyond.
California pension funds take a bigger share of tax revenue than the national state average, a research website shows. Why the growing costs are outpacing the norm is not completely clear. A prime suspect for some would be overly generous pensions, particularly what critics say is an “unsustainable” increase for police and firefighters widely adopted to match a big increase given the Highway Patrol by SB 400 in 1999.
OPINION: Even though California received heavy rains in the past week, officials say will still are experiencing an historic drought. We are not out of the woods. Far from it. According to the California Department of Water Resources, 10 communities have less than 60 days of water, ranchers and farmers across hundreds of thousands of acres are scrambling to find water, and dozens of municipalities have ordered homeowners to reduce their water use by 20 percent or more. (Photo: San Gabriel River, following recent rains. Getty Images/David McNew)
“The LAO says the state is flush with cash and multibillion-dollar reserves loom in coming years. How should we spend the money?”
A new study shows CalPERS members are living longer. It’s the first step in a review of workforce changes and investment polices that could lead to higher contribution rates for employers and possibly employees. (Photo: coolcaesar, en.wikipedia)
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