Moody’s Says California Pension Reform A Positive StepMoody’s is calling California’s pension reform plan a positive development for the state and local governments.
Study Finds California Now Spending More On Prisons Than CollegesAccording to a report from non-profit watchdog California Common Sense, the state now spends more on prisons than universities.
California Lawmakers Approve Pension Changes Supported By BrownThe state Legislature has approved a package of changes to California’s public employee pension system that is expected to save taxpayers billions of dollars, even as Republican lawmakers said much more needs to be done.
Law Restricts Pension Cuts For California State WorkersThe bulk of the projected savings in the pension-reform deal announced by Gov. Jerry Brown won’t be felt for decades because most of the proposed changes will affect employees who have yet to be hired.
Gov. Brown Scores Partial Win In California Pension Reform BattleGov. Jerry Brown on Tuesday announced systemic reforms to California’s badly underfunded public pension system that he says will save taxpayers billions of dollars over time.
Phil Matier: Cash-Strapped California Spending Thousands On iPads For State WorkersControversy is brewing in Sacramento, over the hundreds of thousands of dollars in state funds apparently used to buy tech products for state employees.
Chancellor Says UC Berkeley Keeps Top Ranking Despite CutsAs fall classes began Thursday at the University of California at Berkeley, Chancellor Robert Birgeneau said the university remains the top public university in the world despite drastic cuts in state funding in recent years.
Phil Matier: Poll Finds Voters Prefer Gov.'s Prop. 30 Tax Plan Over Opposition A new poll from the University of Southern California finds voters prefer Proposition 30, Governor Brown's proposed tax increase over Prop 38, the competing measure by Molly Munger.
Credit Rating Agency Warns Of More California City Bankruptcies, Bond DefaultsOne of the nation’s top credit rating agencies will begin a wide-ranging review of municipal finances in California because of what it sees is a growing threat of increased city bankruptcies and bond defaults.
Grand Jury Finds San Francisco's Pension Investments Too RiskyA grand jury said San Francisco’s pension fund investments were too risky.
California State Lawyers Were Told Of Hidden Park Funds Months Before RevelationA sworn court declaration said a former state parks employee told state attorneys earlier this year that her department was hiding $20 million in a special fund, months before administration officials say they discovered the surplus money.
More Than 150 Colleges No Longer Eligible For Cal Grants The state has changed the guidelines for schools eligible to receive Cal Grants, impacting students who attend more than 150 schools across California.
Bill Authored To Reallocate Lost Funding For 49ers Stadium The battle over $30 million in funding for the new San Francisco 49ers stadium in Santa Clara has taken a new twist as a state legislator has authored a bill that would reallocate funds to the project.
CSU To Limit Spring Admissions Due To Budget CutsCalifornia State University campuses at Sonoma and San Francisco are among just 10 state universities that are accepting applications for spring 2013 admissions/
Cash-Strapped CoCo County Fire Departments Weigh Ballot Options, Station ClosuresSkyrocketing pension costs and slumping property tax revenues could send Contra Costa County firefighters to the ballot box to help keep their stations open.