2017 is going to be a nail-biter for pension watchers.
A quarter of the city is living below the poverty line, but El Monte’s former city managers have more money than they know what to do with.
“With the money put into its pension funds over the last two years alone — nearly $2 billion — the city could have fixed every one of its broken sidewalks, built or leased housing for more than 25,000 homeless people or restored 11 miles of the concrete-clad Los Angeles River to a natural state."
It’s been four years since lawmakers passed Gov. Jerry Brown’s sweeping pension overhaul, yet we have little to show for what was supposed to be the “biggest rollback to public pension benefits in California history.”
The number of public retirees receiving more than $100,000 in pension checks from CalPERS each year has exploded from 1,841 in 2005 to 21,652 in 2015.
Interim city managers are brought in for all sorts of reasons: resignations, terminations, even deaths.
A year and a half after President Trump signed it into law, CNN has taken an in-depth look at one of the more interesting provisions of the Tax Cuts and Jobs Act — that is, the creation of so-calle
By Jim Madaffer, former San Diego City Councilman and President of Madaffer Enterprises.