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The critics of public pensions have tried to inflate the supposed pension crisis by assuming incredibly low return rates for CalPERS investments. But a respected independent expert who co-authored a book on California government dysfunction says these assumptions have no grounding in history, and, if implemented, could cost the next generation.
The cities' anti-labor, anti-firefighter spin being peddled about municipal bankruptcies is coming unraveled. Turns out Stockton and San Bernardino were sub-prime central, and were done in by housing meltdown ... not labor contracts.
Another city seeks a free pass for mismanagement by rushing to bankruptcy. "Fraud, misuse of funds and financial waste" alleged.
San Francisco Chronicle analysis underscores Prop. 32's risks. The initiative's special exemptions let partisan mega donors continue spending freely on campaigns, but deals a "devastating blow" to labor.
A statewide pension analyst often quoted by anti-union forces has run the numbers in San Bernardino. Conclusion: Economic meltdown, mismanagement and toxic politics are at the heart of the San Bernardino bankruptcy bid.
The new president of AFSCME says national attacks aimed at firefighters and other public workers is creating a "race to the bottom" that hurts the Middle Class.
Super PACs and business special interests already have a pervasive influence over California elections. Passage of Prop. 32 would, however, make it easier for Super PACs to gain even more control of our electoral system, while union members and working families are stripped of their political voice.
Californians for Retirement Security's Barbara Maynard tells Fox 11 LA that public sector employees want to end pension abuses but that reform attempts must be thoughtful and must avoid one-size-fits-all solutions.
Stop the Special Exemptions Act -- Prop. 32 on the November ballot would silence the voices of firefighters and working families, but give special exemptions that allow Super PACs and the super rich to spend unlimited money on campaigns.
Some 4,000 local state and federal firefighters are battling a group of Northern California wildfires that collectively have burned nearly 40,000 acres.