The West Hollywood City Council formally abandoned even the pretense of representing taxpayers when it recently voted 4-1 to “add a student loan forgiveness program” to the list of benefits available to […]
Median earnings for Inglewood residents was around $30,000 last year. Those same residents are required to pay for a police chief’s $524,000 pay package, which includes an ongoing, $61,000 annual bonus for […]
Yves Smith of the Naked Capitalism blog has presented irrefutable evidence that CalPERS CEO Marcie Frost submitted false information to the pension fund when applying for the job she now holds. For […]
A new rule currently being considered by the Actuarial Standards Board would finally require public pensions to meaningfully account for risk. In a commentary for the Voice of San Diego, I explain how […]
The most robust study ever conducted on the topic found that the average California state government worker earned 23 percent more in total compensation than their similarly skilled and educated private-sector counterpart. […]
The total pension benefits promised by Marin County increased 982 percent from 1986-2016 — a rate 58 times greater than the cumulative increase in the county’s population, according to a just-released analysis […]
Despite the fact that local government workers in Marin County receive wages higher than local government workers in over 99 percent of counties nationwide — even after adjusting for regional cost differences […]
Update: Strike was approved on 6/20/18. The average wage for Marin County local government workers is richer than what their peers in 99.8 percent of counties nationwide receive, according to new wage data […]
The Palo Alto City Council is in the process of (hopefully) approving a proposal that would add transparency to negotiations with government labor unions. I wanted to share the below excerpt from Monday’s […]
Summary: The City of Madera is facing significant financial problems, with a general fund deficit projected for each of the next five years, rising from $1.7 million in FY2018 to $3.9 million […]