Entries by Marc Joffe

How to Get Rich by Teaching at UC

They may not have won a Nobel Prize, but California taxpayers and students are awarding ten retired University of California professors an attractive consolation prize: pension benefits amounting to more than $300,000 each per year. Topping the list of UC pension beneficiaries is Fawzy I. Fawzy, M.D. a Professor of Psychiatry and Biobehavioral Sciences at UCLA. He received over $354,000 in 2014, an amount that will continue to grow each year with cost of living increases. Recently, Dr. Fawzy generously helped his junior colleagues by explaining their compensation and pension benefits in a lecture uploaded to YouTube. His knowledge of the ins and outs of the UC payroll and retirement systems is truly impressive.

Contra Costa needs more road capacity, but we don’t need new sales taxes to build it

Along with the grandeur of Yosemite and the beauty of the California coast, there’s our state’s epic rush hours. But sales taxes on the Nov. 8 ballot, like Contra Costa’s Measure X, aren’t the way to solve them. Measure X would add 0.5% to local sales tax rates to fund a variety of transportation projects […]

Will the BART Bond Fund Pensions?

This fall, voters in San Francisco, Alameda and Contra Costa counties will consider a $3.5 billion BART bond measure. Proponents argue that the measure is required to ensure the system’s safety and reliability. Critics are concerned that bond proceeds will be used to support excessive employee salaries and benefits. BART management denies that claim. In […]

Is $288 Million the Right Price for Orange Unified High School Upgrades?

Given declining enrollment, Orange Unified School District’s $288 million bond measure may fund more school upgrades than students need.  There is also a risk that the taxpayer cost of debt service for the bond issue will exceed the district’s forecast rate of $29 per $100,000 of assessed valuation. According to statistics from Ed Data, enrollment […]