State of California

Move 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.”

However Other Groups Continuing to Back Millionaire’s Tax

“Educators know that California cannot continue to cut its way out of ongoing budget problems. We also know that not everyone in California is paying their fair share, and that’s why we are supporting the governor’s tax proposal, which taxes the wealthiest Californians in order to bring additional revenue to our schools, colleges and other essential public services,” Dean Vogel, president of the CTA and a Davis resident said in a statement on Sunday.

There is little doubt that Governor Jerry Brown, who has struggled to get a handle on the budget, will applaud the findings in a recent PPIC (Public Policy Institute of California) poll that shows 68 percent of likely voters (and 72 percent of all adults) favor the his tax proposal.

How strong is that support?  Even Republicans are found to be slightly more likely to favor (53%) than oppose it (46%).

Senator Wolk: Opposes Peripheral Canal in Delta Plan

“California is on the mend,” Governor Brown began his State of the State address, arguing that because of last year’s actions, “we shrunk state government, reduced our borrowing costs and transferred key functions to local government, closer to the people. The result is a problem one-fourth as large as the one we confronted last year.”

“California has problems but rumors of its demise are greatly exaggerated,” the governor said.

A Look at Education in Governor Brown’s Budget Proposal

The Vanguard is going to, over the next week or so, analyze several critical areas of the budget.  We begin where we have been for the last several years – looking at K-12 education.   No area of the budget has been hammered harder than education.

On a local level, the continuing education cuts have meant that the school district has had to implement two additional parcel tax measures in 2008 and 2011 in order to keep funding relatively stable.

In what has been billed a significant victory for the Jerry Brown administration, the California Supreme Court ruled on Thursday that the state could eliminate redevelopment agencies, thus paving the way for the state to divert money from local redevelopment agencies in an effort to balance the current budget.

A piece of legislation that may have the most impact on the fiscal solvency of cities like Davis is Governor Jerry Brown’s public pension reform plan.  Earlier this week, analysis from the nonpartisan Legislative Analyst’s Office (LAO) showed a mixed review.

By Dan Aiello

The Department of Fish and Game’s announcement this month of a remarkable turnaround in the populations of the Bay-Delta estuary’s endangered Smelt and Salmon species spelled more trouble for proponents of the state’s 2012 water bond measure.

35,000 poor, frail elders slated to lose adult daycare benefit December 1

By Assemblymember Mariko Yamada

Recent front-page Sacramento Bee headlines about tragedies in California nursing homes should be glaring reminders about the reasons California pioneered the Adult Day Health Care (ADHC) alternative to nursing home care forty years ago.   If you are old, or are planning to be – pay attention – because this system is about to vanish.

Last night, Governor Jerry Brown laid down the gauntlet against Republican lawmakers, accusing them of an “unconstitutional delegation of power.”

Will Water Policies Further Imperil Funding to Local Schools?

An already bad month is about to get worse, and we are only a third of the way through August.  It seemed like, just a few months ago, a rebounding economy was triggering less deep cuts to education and other state programs.

I have fought hard to fight costs at other levels of government because my belief is that education spending is an investment in the future.  Sadly, I fear these priorities will go out the window, as rising costs for water and other city government costs, along with a persistent stagnant economy, threaten to undermine education’s base.