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.
Local governments across California are bracing for a more costly future thanks to mounting retirement obligations, and their residents are apt to experience cuts to local services on par with the 2008 recession as a result.
By Robb Korinke
One week out from the Iowa Caucuses I thought I’d share my tracking of the race for local endorsements among our remaining Democratic Party candidates.
Governor Gavin Newsom unveiled a $222.2 billion budget proposal for 2020-21 on Friday – the second annual spending plan he has presented as governor and the largest in state history.
Local governments’ opposition to Scott Wiener’s SB50 is already well known. But the initiative is now facing more pushback from another group: low-income residents and their allies.
Campaigns have access to more voters, polling, and media data than at any time in history. But the quality, accuracy, and reliability of this data is being questioned more than ever.