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By Staff Report / Friday, March 28th, 2014 / East Ventura County, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Reason study: Taxpayers would save $460M with pension overhaul
A proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →
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By Marlize van Romburgh / Wednesday, March 19th, 2014 / Law, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Oxnard sues ex-officials over retirement perk
Oxnard’s city attorney is trying to claw back $101,400 from seven city officials who benefited from an allegedly illegal retirement perk set up by Ed Sotelo, the former city manager at the heart of a corruption probe that began in 2010.
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By Erika Martin / Wednesday, March 19th, 2014 / Central Coast, Central Coast Health Watch, East Ventura County, Nonprofits, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Health leaders: ‘Ambitious’ Obamacare goals tough to implement
Uncertainties shrouding Obamacare implementation are leaving many health-care providers strained, and consumers are thus far seeing few of the cost cuts promised by the overhaul. That was the theme that emerged from a March 18 forum in Santa Barbara hosted by nonprofit Visiting Nurse & Hospice Care.
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By Tony Biasotti / Friday, March 14th, 2014 / East Ventura County, Tri-County Economy, West Ventura County / Comments Off on Watkins: California’s budget surplus thanks to stock market, not Brown
California is adding jobs faster than the national average, and the state has a budget surplus for the first time since the dot-com bubble burst in 2000. That’s led to some glowing national press for Gov. Jerry Brown, including a Rolling Stone article that called his budget turnaround a “miracle.”
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By Stephen Nellis / Friday, March 14th, 2014 / Banking & Finance, Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Bain Capital debt strikes sour note at Guitar Center
With rumors swirling of an ownership change at debt-laden Guitar Center, all eyes will be on whether the Westlake Village-based company reversed its sagging online sales over the critical holiday season.
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