“This is absolutely the most challenging issue facing state and local government, not just in California but across the country.”
Local administrators and financial experts continue to warn of a looming fiscal crisis for California’s municipalities, driven in large part by skyrocketing pension costs.
Plus, where Gov. Brown may have gotten the idea.
Lodi City Manager Steve Schwabauer and South Lake Taho City Manager Nancy Kerry are among those coming forward to publicly express their fears over California’s pension woes.
A new report from the PEW Charitable Trusts shows the state’s largest pension funds incurred over $10 billion in fees in 2014 from these more complex and risky investment vehicles.
A looming calamity in Richmond should serve as warning to other struggling municipalities.
The City of Salinas is mourning the sudden passing of its mayor Joe Gunter. He was 73 years old.
Grass Valley voters will get a chance to tax cannabis this fall. It would be a first, vital step toward welcoming cannabis businesses to the city.
The police department in Euclid, Ohio has been dinged by the Sixth U.S.
Special Editorial by Mike Madrid