Posts Tagged: million
Plastic bags and other debris at a landfill await the bulldozer. (Photo: Huguette Roe)
The ink was barely dry on Gov. Brown’s signature to ban single-use plastic bags when foes of his decision filed paperwork with the state attorney general’s office for a referendum in 2016 to overturn the new law. The request for an official title and summary from the attorney general was submitted Tuesday.
Merced County pensions may have the lowest funding level of any public pension system in California, a shortfall officials attribute to a big retroactive pension increase for all county employees a decade ago and faulty actuarial work. In the latest annual public pension report from the state controller’s office, Merced County stands out with the lowest level of funding in the last reported year, 54.7 percent in 2010-11.
Ventura County voters go to the polls in a California general election. (Photo: Spirit of America)
OPINION: I now believe the turnout this November will be closer to 45% than 50%. In the previous 8 governor primaries (1982-2010) the average turnout was 39.2% and in those eight General Elections the average turnout was 59.0%, thus, on average an increase of 19.8% from the Primary to the General.
A web page of the L.A. Times viewed through a magnifying glass. (Photo: Gil C., via Shutterstock)
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.
A powerplant at sunset. (Photo: David Crockett)
OPINION: So, while the program is certainly generating revenue for the state, is it working? Eighteen months in, it appears the answer is yes. Firms affected by the requirements say that they are paying attention to it, that they believe it’s here to stay, and that it’s prompted them to look at ways to reduce emissions. In recent interviews with cement industry stakeholders we learned that companies are factoring the carbon price into their analysis of investment opportunities.
Bankrupt San Bernardino announced an agreement with CalPERS last week to pay off an unprecedented pension debt owed for skipping payments to the pension fund for a year — $13.5 million, plus several million more in penalties and interest. Details of the agreement reached in closed mediation were not released. But the city said in a court filing the CalPERS agreement “will help form the basis” for a debt-cutting plan needed to exit bankruptcy.
State Capitol, Sacramento. (Photo: Franco Folini)
State lawmakers and voters agreed on one thing: transparency in government. Local government, that is. State government remains exempt. Did voters know that when they approved Proposition 42 on June 3?
An illustration of an online poker player. (Photo: photosani)
Thirteen of California’s casino-owning tribes have agreed on a plan to legalize internet poker in California, a move that could tap an estimated $845 million market and create the nation’s largest online poker system. One major tribe, the Banning-based Morongo Band of Mission Indians, was not a party to the agreement.
Lobby of the CalSTRS building in West Sacramento. (Photo: Paul Houseberg)
Gov. Brown has made a long-delayed proposal to get CalSTRS to full funding over the next three decades, giving the biggest rate hike to schools and smaller increases to the state and teachers. The nation’s largest teacher pension fund, which received $5.8 billion from the three sources last fiscal year, needs an additional contribution of about $4.2 billion a year to project full funding in 30 years.
OPINION: Our schools are partners in securing the health and well-being of our children. Other than their homes, Sacramento kids spend more time in school than anywhere else. That’s why we, as a community, invest in things like nutritional meals, physical education, and basic health care and counseling at schools—because we know healthy students are better learners.