Another look at how Texas stacks up to the no-longer-so-Golden state:
Problem: Those lousy taxpayers get pension reform passed. Solution: CalPERS uses “99 categories of ‘special pay'” to go on a pension spiking orgy.
What are some of those 99 categories? “Clerks who type well. Cops who shoot straight. Librarians who are “assigned to provide direction or resources to library patrons.” I’m too scared to check if “Teachers who don’t rape their students” is an actual category or not…
Governor Jerry Brown is sending mixed signals on the pension spiking issue.
Who actually owns the CalPERS gap between actual funding and what they’ll need to pay out? “CalPERS can be risky (and it has been) with no consequences. The taxpayers have all the responsibility, but none of the control.”
So how much payroll and pension did Stockton trim in their bankruptcy? Zero.
There is no California comeback. “Personal income-tax revenues fell by 11 percent in the first quarter of this year and more than 6 percent through June.”
California cities are among the slowest to recover from the recession.
The only way California can get pensions under control is through a constitutional amendment.
Los Angeles Department of Water and Power is asking for more money. They’re also asking Angelinos to overlook their high salaries and lack of accountability.
City leaders are battling with DWP’s union, the International Brotherhood of Electrical Workers Local 18, to release financial records of a nonprofit trust, run jointly by labor- and management-appointed trustees, that has run through $40 million in ratepayer money. Brian D’Arcy, IBEW Local 18’s business manager, has refused to turn over the trust’s financial records, and DWP executives have said they don’t know how the money was spent.
California voters get to weigh in on a 7.5 billion water bill in November, which seems to have considerably less pork than a previously delayed $11 billion bill.
So how does bankrupt San Bernardino plan to climb into the black? Cutting back on outrageous pensions? Ha, you must be high! “Help us, weed, you’re our only hope!”
I know this is a shock, but California’s High Speed Rail Authority is behind schedule on buying land for it’s doomed boondoggle.
Los Angeles City Councilman Paul Koretz opposes ride share programs like Uber and Lyft. Strangely enough, he’s also received $11,000 in campaign contributions from the taxi industry. Quid pro, meet quo.
YTexas helps companies relocating to Texas connect with local businesses.
Tags: California, CalPERs, fraud, Jerry Brown, Los Angeles, marijuana, San Bernardino, Stockton, Texas, unions, Welfare State
This entry was posted on Monday, August 25th, 2014 at 12:42 PM and is filed under Budget, Texas, unions, Waste and Fraud, Welfare State. You can follow any responses to this entry through the RSS 2.0 feed.
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