Entries by California Policy Center

State’s Retired Public Workers Earn 26% More than Private-Sector Workers Still on the Job

For Immediate Release March 13, 2017 California Policy Center Ed Ring, ed@calpolicycenter.org (916) 524-7534 California’s retired government workers earn 26% more in retirement than private-sector workers earn while still on the job. That’s the finding of an in-depth analysis released this week by the California Policy Center. “This is an absolutely upside-down system,” said California […]

California’s State and Local Workers Average Pay and Benefits Twice the Average for Private Sector Workers

For Immediate Release January 26, 2017 California Policy Center Ed Ring, ed@calpolicycenter.org (916) 524-7534 A in-depth analysis released this week by the California Policy Center finds that the average pay and benefits for California’s full-time state and local public employees in 2015 was $121,843. This is nearly twice what the average full-time private sector worker […]

Second Orange County School Choice Fair, Jan. 28

For more information: Cecilia Iglesias Education and Community Relations Director California Policy Center (714) 573-2208 cecilia@calpolicycenter.org  Local charter schools, community leaders and education partners will participate in the National School Choice Week celebration SANTA ANA, Calif. – In celebration of National School Choice Week, California Policy Center along with local charter schools will host the […]

Friedrichs v. 2.0? U.S. Supreme Court May Get a Second Chance to Free Teachers from Forced Unionism

For Immediate Release January 19, 2017 California Policy Center Will Swaim, will@calpolicycenter.org (949) 274-1911 In a case that will cheer education reformers, four Pennsylvania teachers today sued their unions, school districts and district officials for making union membership a condition of their employment. The suit – and the likely appointment of a reform-friendly Supreme Court […]

California debt now running closer to Italy and Portugal, new study finds

For Immediate Release January 11, 2017 California Policy Center Marc Joffe, marc@calpolicycenter.org (415) 578-0558 A landmark study of California’s finances reveals the state’s debt burden is approaching the levels of Italy and Portugal, where debt crises in 2011 and 2012 drove the Eurozone countries to the brink of collapse. The findings come a day after […]

New California Policy Center Study Offers Next Generation Infrastructure Solutions

For Immediate Release December 1, 2016 California Policy Center Lee Schalk at 916-258-2396 lee@calpolicycenter.org New California Policy Center Study Offers Next Generation Infrastructure Solutions Study explores how private infrastructure investment can increase water supply, bolster energy, and modernize transportation systems. LOS ANGELES — Today the California Policy Center released a new study investigating California’s infrastructure […]

Top 10: Vernon Leads California Cities with More Public Employees Than Residents

For Immediate Release October 11, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 Vernon, California is so famous for its history of corruption that it was the municipal star of season 2 of HBO’s “True Detective” series. Now the diminutive L.A. County town can claim another achievement: Vernon is the only California city with more public employees than […]

Reporter’s Notebook: CPC Offers Expert Help with Local School Bond Reporting

For Immediate Release September 23, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 SACRAMENTO, Calif. — Well down the November ballot, obscured by the high-profile battle for the White House, Californians will find more than 100 local school bond measures representing hundreds of millions of dollars of new public debt. “The bond process is […]

The Highest-Paid Public Employee in the Poorest County in California

Raymond J. Cordova, county executive officer of Imperial County, earns $282,093 with total pay and benefits. That’s 17 times the median per capita income of Imperial County residents, who earned just $16,409. By comparison, San Francisco’s highest paid public official, Chief Investment Officer William J. Coaker Jr., made $633,723 – about 13 times SF’s median […]

Gov. Brown says yes to school finance reforms inspired by CPC study

For Immediate Release August 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 SACRAMENTO — It’s rare that a think-tank study produces real reform, but it happened today when Gov. Jerry Brown signed into law a bill designed to stop school officials before they recklessly spend again. Assembly Bill 2116 began one year ago with […]

SUITABLE FOR QUOTING: Expert Responses to CalPERS’ Monday, July 18 Earnings Report

For Immediate Release July 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 California Policy Center Responses to Monday, July 18, 2016 Earnings Report For reporters and commentary writers, the California Policy Center can make available two public finance experts. We also offer for publication these immediate responses to the CalPERS report:   ED […]

FOR PUBLICATION: Ed Ring Response to CalPERS’ disastrous 2015-16 earnings report

For Immediate Publication July 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 Latest earnings report is more evidence California retirement agency will reform or die By Ed Ring | California Policy Center The officials who run California’s public-employee retirement system should have released today’s earnings report with sound effects – a flugelhorn, maybe, […]

Red Flags: New Study Offers Grim Warning for California Pension Funds

For Immediate Release July 12, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 Stock market overvaluation will lead to ‘major correction,’ trigger benefits cuts and tax hikes SACRAMENTO, Calif. – There are more red flags for public-sector pension funds that rely on stock investments for most of their income, a new California Policy Center […]

UC Berkeley’s ‘income inequality’ critics earn in top 2%

For Immediate Release June 23, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231   Income inequality at UC Berkeley worse than world’s-worst Haiti SACRAMENTO, Calif. – Scholars from the University of California at Berkeley have played a pivotal role in making income inequality a major issue in 2016 political campaigns. But while they decry […]

Major-party presidential candidates offer no solutions on federal retirement crises

For Immediate Release June 2, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 SACRAMENTO — Californians may be accustomed to living with the specter of a public pension crisis. But the federal government’s problem with its retirement systems – including Social Security – is far worse, and yet none of the three remaining major-party […]

Comparing Fresno City and County Pension Systems

As the Fresno Bee recently reported, the city of Fresno’s pension systems are in much better financial shape than the Fresno County Employees’ Retirement Association (FCERA). As of June 30, 2015, the city’s two systems reported a combined $349 million of assets (at market value) in excess of actuarially accrued liabilities. By contrast, FCERA’s assets […]

Taxes up, retirements slashed, governments in crisis: Ed Ring on California’s coming public pension apocalypse

For Immediate Release May 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 SACRAMENTO – America’s already troubled public-employee pension funds will go broke in the next economic slowdown, creating the likelihood that millions of public employees will see their retirements slashed – even as state and local governments raise taxes dramatically and scramble […]

Sonoma and Marin county officials voted to hike their own retirement pay

For Immediate Release April 29, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231   Retroactive pension bump likely violated multiple state transparency and accounting laws Sacramento — County supervisors members and other senior county officials in Marin and Sonoma may have violated state law when voting for massive retroactive pension increases for themselves and […]

Transparency organization wins ‘total victory’ in Lynwood records case

For Immediate Release April 26, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 SACRAMENTO  – The city of Lynwood will pay $22,000, part of a judge’s decision that city officials failed to disclose to the California Policy Center the names and salaries of Lynwood public employees. You can read the April 22 judgment here. […]

Citing CPC study, new Assembly bill seeks to stop runaway school bond debt

For Immediate Release March 24, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 SACRAMENTO — A California Assemblyman hopes to stop school officials before they recklessly spend again. AB 2116 author Rep. James Gallagher (R-Sacramento Valley) says his bill would limit the ability of school districts to take on debt through new bonds – even authorizing county auditors […]

Annual ranking: California’s best and worst counties by pension burden

For Immediate Release March 15, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 SACRAMENTO — Years after the Great Recession slammed their Wall Street investments, at least four California counties have broken through the 10 percent ceiling, spending one of out of every $10 to fund their government-employee retirement programs. The resulting strain on local budgets, called […]

Study: Stress test reveals Fresno County ranks No. 3 among California’s worst for pension burden

For Immediate Release March 15, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 Annual ranking: California’s best and worst counties by pension burden SACRAMENTO — Years after the Great Recession slammed their Wall Street investments, at least four California counties have broken through the 10 percent ceiling, spending one of out of every $10 to fund their […]

You’re No. 1! New study shows Santa Barbara County suffers state’s highest pension burden

For Immediate Release March 15, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 Annual ranking: California’s worst counties for pension burden include Santa Barbara, Kern, Fresno SACRAMENTO — Years after the Great Recession slammed their Wall Street investments, at least four California counties have broken through the 10 percent ceiling, spending one of out of every $10 […]

Study ranks San Mateo, Merced among CA’s worst counties for pension burden

For Immediate Release March 15, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (949) 274-1911 Annual ranking: California’s best and worst counties by pension burden SACRAMENTO — Years after the Great Recession slammed their Wall Street investments, at least four California counties have broken through the 10 percent ceiling, spending one of out of every $10 to fund […]

Transparent California Releases 2014 Salary Data for California K-12 School Employees

For Immediate Release August 12, 2015 California Policy Center Contact: Robert Fellner Robert@CalPolicyCenter.org (201) 206-6469 Data: No correlation between teacher compensation and academic performance TUSTIN — K-12 employee compensation data released today by Transparent California shows there is no meaningful correlation between teacher compensation and student performance; when the compensation of all district employees is compared to […]