Industry: Government
News
March 20, 2017
Since 2012, the Los Angeles Unified School District has had the highest percentage of its bond funds going toward staff salaries and benefits. In that district – the state’s largest – 19.9 percent of school bonds have been spent on salaries and benefits.
News
March 20, 2017
The Legislature’s budget analyst, Mac Taylor, says Brown’s proposal is “violating the spirit of Proposition 4.” He describes the $22 billion in school-related spending Brown wants to exempt as “nowhere money” and is telling legislators that “the plan would be highly vulnerable to legal challenges.
News
March 17, 2017
Recent labor agreements, costly court settlements and funding for combating homelessness are driving up expenses and could hamper plans to expand city services in the coming years, a new City Administrative Office report suggests. Despite an improving economy in Los Angeles, the report warns of “renewed fiscal challenges” for the city.
News
March 14, 2017
Thirty cities including New York and Chicago jointly asked automakers for the cost and feasibility of providing 114,000 electric vehicles, including police cruisers, street sweepers and trash haulers, said Los Angeles Mayor Eric Garcetti, who is coordinating the effort. That would be comparable to about 72 percent of total U.S. plug-in sales last year.
News
March 10, 2017
The average full career (30 years work) pension for a retired public employee in California was $68,673 in 2015, not including benefits. This is in comparison to the average pay (not including benefits) for an active full-time worker in the private sector in California, which in 2015 was $54,326, and to the maximum Social Security Benefit for a high wage earner retiring at age 66, which in 2015 was $32,244. Put another way, the average public employee retiree with 30 years of service collects a pension (not including benefits) that is 26% greater than the average pay for a non-retired full time private sector worker, and more than twice the maximum Social Security benefit.
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