“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.
Are we fiddling while Rome burns?
CalPERS just had its worst showing since the height of the last financial crisis.
Stanford’s new pension tracker says unfunded pension debt is approaching $1 trillion.
The Moreno Valley City Council has appointed one of its former members to the District 1 seat, which was left vacant after the death of Mayor Pro Tem Victoria Baca earlier this month.
In 2013, Vallejo became the first to adopt a citywide participatory budget (PB) process.
A three-judge panel for the U.S. 9th Circuit Court of Appeals has overturned a ruling by U.S. District Judge David O.
Visalia City Manager Randy Groom will be retiring in September after nearly 40 years in the public sector.