Illustration of a California voter casting a ballot by mail. (Image: Vepar 5, via Shutterstock)In the March 3 primary election, Super Tuesday, we are expecting to see an earlier vote than ever before. Over 15 million California ballots are being mailed, mostly today, and we are expecting to see a ton come back in the first week or 10 days. With three-quarters of the electorate being mailed ballots, we know records will be broken.
The CalPERS board of governors during a meeting at the pension system's headquarters. (Photo: CalPERS)New York state pension systems are better funded than California state pension systems, currently take a smaller bite out of state and local government budgets, and still provide pension benefits well above the national average. How do they do it?
CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)Calpensions: The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS about $68 billion. Now after a lengthy bull market, most experts are predicting a decade of weak investment returns, well below the annual average.
Illustration by Tim Foster, Capitol WeeklyAs Capitol Weekly reported today, the November ballot is growing with seven measures already qualified, and another 66 in the wings. Most won’t qualify, so there is little reason to fear a 48-measure ballot like California saw in 1914. But we could near or exceed the modern high water mark of 29 on the 1988 Primary Election Ballot, and we will definitely exceed the average of 8.5 measures per ballot since 2000.
From last year's fire season,, and aerial view in Mendocino County's Lodge Fire. (Photo: N.F. Photography)California has spent $133 million fighting wildfires since July 1, about a third of its budgeted amount. The figure includes the costs of suppressing major blazes across the heat- and drought-ravaged state during the past month. The state has fought about 4,500 fires since January.
Gov. Brown and aides head to a Capitol briefing on his latest state budget. (Photo: AP/Rich Pedroncelli)Jerry Brown kept the purse strings tight on the University of California, but proposed an $8 billion boost for public education and wants to spend $1 billion of cap-and-trade auction money on high-speed rail. transit and related projects. In the first budget of his last term in office, the Democratic governor offered a $164 billion spending plan — $113 billion of it in the General Fund, the state’s coffer of sales, income and business taxes — for the 2015-16 fiscal year that begins July 1.
CalPERS' headquarters in Sacramento. (Photo: Coolcaesar/en.wikipedia)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)