Posts Tagged: money
Opinion
OPINION: Late last year, the Legislature passed a fiscally irresponsible law that prevents local school districts from maintaining prudent budget reserves necessary to prepare for future economic downturns, to invest in classroom improvements, and to protect our students. As ridiculous as that sounds, unfortunately that’s the reality. That’s why thousands of educators, including school board members, school district officials, community members, parents and others are calling for the Legislature to repeal the local school district reserve cap.
News
The LAO, noting that most of Brown’s plan bypasses the Legislature, says lawmakers should hold hearings on state worker retiree health care, going back to square one, 1961, when the benefit began. Times were different then. Workers were at risk of losing health coverage when they retired. Now state workers are eligible for federal Medicare at age 65.
News
As state attorney general, Kamala Harris has given key issues of the Central Valley particular attention, which could play politically well for her 2016 run for Sen. Barbara Boxer’s soon-to-be vacant seat. Rich in Latinos, most of whom are Democrats, the Central Valley could prove to be a decisive battleground, especially if a Latino enters the fray.
Opinion
OPINION: What causes gridlock in the legislative process? Has it been getting worse over time? And, what can be done to lessen the conditions that promote gridlock and increase the conditions that promote compromise?
News
For the new plan the state this fiscal year is paying $63.2 million (24.6 percent of pay) for the pensions of 1,407 judges (1,352 active). Judges Retirement System II is 95 percent funded with a debt or “unfunded liability” of $41.2 million.
News
California’s political watchdog, facing 2014’s high-stakes statewide elections in which a relatively small number of donors put in more than $158 million to influence voters on ballot propositions, closed hundreds of cases with settlements – the most in its 40 years of existence.
News
Led by medical insurers, opponents of two November ballot initiatives aimed at regulating insurance rates, raising the limits on pain-and-suffering awards and requiring doctors to be drug tested have raised nearly $92 million from their largest donors, according to figures compiled by the state’s political watchdog.
Opinion
OPINION: There are over 220,000 electric vehicles (EVs) on America’s roads today – more than double this time last year – and about a third of those are in California. EVs are exploding in popularity; they’re cheaper to drive and fuel, better for the environment and are a more thrilling drive.
News
Decades ago, California began taking over the management of thousands of acres of rural wildlands in dozens of counties across the state. But over the years a problem arose: With the state in control, some counties were cut out of the money that they otherwise would have collected from property taxes. The state had promised to compensate the counties for the lost revenue by making payments in lieu of taxes.
News
An $8 million pension bond was approved last week by voters in Piedmont, a small well-to-do city completely surrounded by deep-in-debt Oakland, originator of the pension bond that has figured in the Stockton, San Bernardino and Detroit bankruptcies. (Photo: City of Fremont
Blocks and crayons in a California classroom.(Photo illustration: Blade Tucker
