Category Archives: Pensions

Deadly California wildfires raise needed debate about current spending

By Steven Greenhut | In the days before Facebook and other social media, it was a matter of course to wait a few days after tragedies strike before making political and policy points about the latest event. We always need … Continue reading

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Public employee pensions vs. a split roll for Proposition 13

By Joel Fox | I guess I should use the old vaudeville line: Stop me if you’ve heard this one: the push to increase commercial property taxes is about government pension costs. Returning to this subject at this time (I … Continue reading

Posted in CalPERS, CalSTRS, Joe Nation, Joel Fox, Pensions, Prop. 13 | Leave a comment

Pension costs are ‘crowding out’ spending on parks, schools and social services, says report by Prof. Joe Nation at Stanford

By Adam Ashton, Sacramento Bee | California governments likely will make do with fewer teachers, parks employees and other public workers while they struggle to absorb fast-rising pension costs in the next few years, a former state lawmaker argues in … Continue reading

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Cities facing fiscal mess plead with CalPERS as pensions consume budgets

By Steven Greenhut | If you ask the union-controlled California Public Employees’ Retirement System about the state’s looming pension crisis, you’re likely to get this answer: What pension crisis? But the story was much different at CalPERS’ own Finance and … Continue reading

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Cities throughout the state are ‘gravely concerned’ about ‘unsustainable’ pension costs

By Ed Mendel | The city manager of once-bankrupt Vallejo expects soaring police pension costs to reach 98 percent of pay in a decade. Lodi employees dropped from 490 to 390 in the last decade. And Oroville, after cutting a third … Continue reading

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Here come more tax increases!

Supreme Court ruling lets unions collude with cities to raise local taxes. By Steven Greenhut| The California Supreme Court this week issued a stunning blow to California’s taxpayers with a convoluted ruling that lets local governments collude with public-employee unions … Continue reading

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Raising property taxes to pay public employee pensions

By Jon Coupal | California’s iconic 1978 tax cutting measure, Proposition 13, was motivated by a desire to, first and foremost, limit out of control property taxes. To that end, the measure has been a remarkable success saving California property … Continue reading

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What taxpayers should know about the California budget

By Jon Coupal | California voters are pretty good at figuring out what is going in the state capital when it hits them directly. For example, recent polling shows that citizen awareness of the $5.2 billion annual gas and car … Continue reading

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Poll finds California’s local officials are divided on top policy issues except for one: pensions

In May, the website partnered with the Prime Group, an opinion research firm, to conduct a first-of-its-kind opinion poll of California mayors and council members. The poll addressed key issues such as presidential approval, sanctuary cities, economic growth and … Continue reading

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Growing pension costs are hitting new state budget hard

By Dan Walters, Sacramento Bee | California’s rapidly growing public employee retirement costs weigh heavily on the 2017-18 state budget now being fashioned, but their impact is only partially revealed in budget documents. Gov. Jerry Brown’s proposed budget does tell … Continue reading

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