Press Releases

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

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...

By California Policy Center

UC Berkeley's 'income inequality' critics earn in top 2%

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...

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

Transparency organization wins 'total victory' in Lynwood records case

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....

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

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

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...

By California Policy Center

California Bondage: $200 Billion Education Bond Bill Buoyed by iPads, Financial Chicanery, and Conflicts of Interest

California Bondage: $200 Billion Education Bond Bill Buoyed by iPads, Financial Chicanery, and Conflicts of Interest

FOR IMMEDIATE RELEASE July 22, 2015 California Policy Center Contact: Lee Schalk Lee@calpolicycenter.org (916) 258-2396 New study offers Californians first glimpse at total state and local education bond obligations Today the California Policy Center (CPC) released a major new report analyzing the size and scope of California’s education bond obligations. Analyzing all state and local...

By California Policy Center

Transparent California Releases 2014 Salary Data for California State and University Employees

Transparent California Releases 2014 Salary Data for California State and University Employees

For Immediate Release July 14, 2015 California Policy Center Contact: Robert Fellner Robert@Calpolicycenter.org (201) 206-6469 Transparent California Releases 2014 Salary Data for California State and University Employees Average State compensation package is $110,663; Average CSU compensation is $103,864 TUSTIN — Today, TransparentCalifornia.com released previously unseen 2014 salary and benefits data for 240,531 California State and 62,540...

By California Policy Center