Entries by Marc Joffe

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 […]

OC’s Measure M Treats Some Homeowners More Equally Than Others

Orange County voters are being asked to approve over $2.4 billion in new school bonds. The largest bond: Capistrano Unified School District (CUSD)’s $889-million Measure M. The new CUSD bond would be serviced by property owners in most of the school district, but not quite all of it. One community, Rancho Mission Viejo, won’t be […]

Pension burden in 5 California counties now over 10%

Years after the Great Recession slammed their Wall Street investments, at least five California counties have broken through the 10 percent ceiling, spending at least one of out of every $10 to fund their government-employee retirement programs. The resulting strain on local budgets, called the pension burden, is revealed in California Policy Center’s latest analysis of county reports. […]

City Contributions to CalPERS Continue to Rise

Last year, CPC published a study on California City Pension Burdens. Most of the data for that study came from plan-specific actuarial valuation reports published by CalPERS. These reports show how much local government employers must pay CalPERS in the coming fiscal year and projects contributions for several years into the future. At the end […]

Finding California’s Biggest Payees

California lags behind other states in transparency because it has not produced an on-line checkbook, showing detailed spending information by payee. The state does tell us how tax money is allocated by purposes (health, education, corrections, etc.), but it doesn’t tell us who receives this money.

California Ranks 50th in State Spending Transparency: What We Can Do About It

Although many California political leaders espouse their support for transparency, the state lags behind most others in opening its spending data to public scrutiny.  So while Lieutenant Governor Gavin Newsom, has called on governments to “lean into [the] notion of openness and transparency,” the state he may soon lead is leaning in quite the opposite […]

California City Pension Burdens

SUMMARY:  This study estimates the burden of pension costs on 459 California municipalities. The primary measure we consider is the ratio of required pension contributions to estimated total revenue for each city.  We also look at contribution rates per employee and at pension funding levels.  We find a wide variation in the impact of pension […]

California Healthcare Districts in Crisis

INTRODUCTION While financial conditions in California cities have improved markedly since 2012, many of the state’s 78 healthcare districts are struggling. Last April, Palm Drive Healthcare District in Sebastopol filed for protection under Chapter 9 of the federal bankruptcy law.  In December, the West Contra Costa Healthcare District, which operates San Pablo-based Doctors Medical Center […]

Local Government Fiscal Early Warning Systems: A Good Idea Whose Time Has Come

Two years ago, Treasurer Bill Lockyer called for an early warning system to detect signs of financial trouble in California local governments before they faced bankruptcy. By proactively identifying at-risk cities, the system could create an opening for local experts and external advisors to intervene before any given situation spun out of control. As the California Policy […]