Our view: Ventura County’s focus on fiscal stability pays
There are two numbers you need to know about the state of Ventura County’s $2.3 billion budget — 87.8 percent and $150 million. The 87.8 percent is the funded level for the county’s pension obligations, a number that is within the range of full funding and well ahead of CalPERS current level of 70 percent. Read More →
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Grau and Wilson: Santa Paula headed toward bankruptcy
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Read More →Pension costs forcing tri-county cities to make cuts
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Read More →Port of Hueneme prefunding retiree health care debt
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Read More →UCSB joins nonprofit Alliance for Southern California Innovation
UC Santa Barbara and six other universities announced the formation of the nonprofit organization Alliance for Southern California Innovation on June 22. Led by former California Insurance Commissioner Steve Poizner and a board of directors including UCSB physics professor and vice chancellor for research Joseph Incandela, the group will work to support tech entrepreneurs and Read More →
Read More →Tri-county cities face budget shortfalls, rising pension costs
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Read More →California, U.S. must stop dreaming and face fiscal reality
Maybe it’s time to get real. The idealized view of America that brought about the populist revolution in the November election is not going to come back. Going back to 1970s or 1980s work rules would mean shackling millions of workers to jobs that offered little mobility, bare-bones pensions without inflation protection and uncertain prospects Read More →
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