Posts Tagged ‘San Jose’Worthless ‘step’ teacher pay raises scrapped in San JoseMonday, May 27th, 2013 May 27, 2013 By Chris Reed For decades, it's been common in K-12 public education to award raises to teachers for accumulating graduate school credits -- even if the coursework has nothing to do with the subject that the teacher teaches. There has never been any evidence that this practice hel... Moody’s warns of mass Calif. municipal bankruptciesSaturday, August 18th, 2012 Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will... Stockton police chief rips off $204K pensionMonday, August 6th, 2012Aug. 6, 2012 By John Seiler Highway robbery was supposed to be illegal in California. But after just eight months on the job, Stockton Police Chief Tom Morris grabbed a $204,000 pension. No wonder state pension funds now require hefty infusions of cash from taxpayers -- and soon will go broke.... Officials’ foolishness slams citiesMonday, July 23rd, 2012July 23, 2012 By Steven Greenhut SACRAMENTO -- First, Vallejo, in 2008. Next, Stockton, then Mammoth Lakes and, now, San Bernardino and soon, perhaps, Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after... State voters did the right thingMonday, June 11th, 2012June 11, 2012 By Steven Greenhut SACRAMENTO -- Several years ago, Fullerton Councilman Dick Jones cornered me at a political event, asked my opinion on the use of eminent domain by city governments, then began to lecture me about the value of giving government officials the power to push priva... California voters OK 63% of tax measuresFriday, June 8th, 2012 June 8, 2012 By Chriss Street Local voters approved 63 percent -- or 55 of the 87 -- local tax, bond or fee measures on the June 5, 2012 California primary ballot, according to Michael Coleman, the creator of CaliforniaCityFinance.com. Majority vote measures fared much better than supermajorit... Election boosts privatization drivesFriday, June 8th, 2012June 8, 2012 By Joseph Perkins Voters in San Jose and San Diego sent a loud, clear message to public employees unions this week that they can no longer expect gold-plated benefit packages and immunity from private competition. Santa Cruz County Sheriff Phil Wowak hopes the message resonates... Pension reform or double-dip storm in San Diego and San Jose?Wednesday, June 6th, 2012June 6, 2012 By Wayne Lusvardi A pension reform ballot proposition was passed by the voters in the city of San Diego by a margin of 66.2 percent in favor to 33.8 percent opposed.. A similar pension reform measure in the city of San Jose is leading with 89.8 percent of the vote in favor with 37... CA pension reform opponents squawking about election resultsTuesday, June 5th, 2012June 5, 2012 By Brian Calle Voters in San Diego and San Jose, recognizing the budget havoc wreaked by public employee pensions, the undue influence of public employee unions and the dire need for reform, voted decisively on ballot measures to change lucrative public employee pension benefits. ... Special Series: California counties are more at risk of going belly upWednesday, April 11th, 2012Editor’s Note: This is the fifth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. April 11, 2012 By Wayne Lusvardi There are many California cities likely to be facing future stress to their operating fund budgets because of rising public pension obliga... |