Month: February 2012

Will the Pass-Through Agreement Die with the End of Redevelopment?

redevelopment-2Answer Depends on Whom You Ask

There is no simple and straightforward answer to the question of what happens to the pass-through agreement, now that redevelopment is on the brink of extinction in California.  What appears clear, at least for right now, is that the county needs the money the city passes through to them through the redevelopment agency, and at least the current majority on the Board of Supervisors is opposed to developing between cities.

As of February 1, all assets and liabilities of an RDA will revert to a legally-designated Successor Agency.  Davis recently voted to become the Successor Agency to its RDA.

Governor Brown Unveils Pension Reform Plans

Jerry-BrownAngry Response From Public Employees to the Governor’s Plan

On Thursday, Governor Jerry Brown unveiled the statutory and constitutional language to implement the 12-point pension reform plan he presented last October.

“These major reforms for state and local pension systems will improve their long-term sustainability while providing employees a fair retirement,” the governor wrote.  “These reforms also will end system-wide abuses and reduce taxpayer costs by billions of dollars over the long term.”

CalSTRS Reduces Earning Forecast Rates to 7.5 Percent

pension-reform-stockMove Puts Further Pressure on CalPERS to Do Likewise

In a move with huge implications, the governing board of the California State Teachers’ Retirement System (CalSTRS), the pension fund for teachers, lowered their investment return assumption from 7.75 percent to 7.5 percent.

According to a release on Thursday, “The change is part of a four-year experience analysis that sets the parameters for determining the financial health of the system.”

Judge Maguire Surges to Huge Advantage

parish-clintIt is early but if Deputy DA Clinton Parish thought that Judge Dan Maguire was vulnerable, he may be sorely mistaken.  The judge has surged out to a tremendous monetary advantage – holding a nearly 5 to 1 advantage in contributions, an advantage that narrows only slightly on a percentage basis by the fact that both men have dumped their own money into the race as well.

For the first six months of the campaign from July 1 to December 31, Judge Maguire raised 24,850 dollars and put in 16,000 dollars of his own money for a campaign war chest of over 40,000 dollars.

Former DTA President Calls For Concessions

schoolLast week the Davis school board acknowledged that it was dealing with another 3.5 million dollar deficit which will likely result in further cuts to programs, possibly a shorter school year, despite the fact that Measure C is on the ballot.

This is not a huge surprise, given that Measure C only renews what the taxpayers are currently paying. It does not produce any new revenues, despite claims from opponents of the ballot measure.

Water Foes Raised Nearly Ten Grand

water-rate-iconFiling Disclosure Gives Answer To Perpetual Question As to Who Bankrolled the Referendum Drive

One of the most persistent questions of the petition drive to roll back the Davis City Council’s decision on September 6, 2011 to increase water rates by at least 14% and to move forward with the surface water project was who was funding the referendum drive.  The answer is that they were who we were thought they were.

There were no surprises – a few small donors and three principals accounted for the entire funding mechanism that we now know raised a total of $9248.57, $4738.57 of which came after October 1.  They spent nearly $7000 to gain the $3800 signatures that ended up with the council rescinding the rate hikes three months to the day of having passed them.

Dan Wolk with a Huge Early Monetary Advantage

Wolk-DanIf the smart money is that Dan Wolk is the odds-on favorite to finish first and become the next Mayor Pro Tem of the City of Davis, it was dealt no blow by the initial filing statements filed on Tuesday, indicating that Dan Wolk has a huge lead over the two other candidates that filed financial forms in the 2012 Davis City Council Election.

According to his filings, Dan Wolk brought in $13,319 to date, and he has already spent $7890 for a total cash balance of $5028.  His cash balance is larger than the total contributions received to date by either Stephen Souza or Brett Lee.

Commentary: Council Races Off to Slow Start – But Three Critical Questions Loom Large

souza-announce-12-2The January 31 filing deadline was the unofficial first major marker on the calendar.  So far, we have four candidates who have announced – the three incumbents Sue Greenwald, Stephen Souza and Dan Wolk are joined by Brett Lee, as the first announced challenger.  We have heard rumblings of additional candidates, but this is all that filed paperwork on Tuesday and all that have formally announced.

Right now it is a quiet campaign, and if we had to speculate with this current field, we believe the incumbents would win reelection.  But a lot both can and will change between now and June.

Former Mayor Lobbies for City Accountability on DACHA

housingFormer Davis Mayor Ann Evans has sent a letter to the city, lobbying them to “rise to the occasion and direct your staff accordingly. There is so much to be done on your watch, but affordable housing availability is not the least of those important items.”

Ms. Evans is married to David Thompson of Neighborhood Partners and Twin Pines Cooperative, one of the developers of the DACHA project.  The letter was dated January 30, 2012 and as a letter to the city is a public document.