Industry: Government
News
Sept. 10, 2017

And then there’s the Public Records Act, California’s landmark law giving the public, mostly via news media, access to official documents, with some exceptions. Unfortunately, the list of PRA exceptions seems to be growing as legislators, who are not inclined toward openness in the first place, protect their fellow officials and/or do the bidding of powerful interests. The current session has had 79 bills involving the PRA. While most of the proposals amount to innocuous boilerplate, the Legislature is moving those that create more exceptions and blocking those that would expand access.

Report

The latest second quarter new vehicle sales data from California New Car Dealers Association shows slowing growth in Californians’ purchases of new cars and trucks, although sales remain on track to exceed 2 million once again in 2017.

News
July 31, 2017

Despite a systemwide drop off in ridership, almost all BART employees will receive a $500 ridership bonus in their paychecks next month as part of their labor contract, the transit agency said this week. San Francisco Chronicle columnists Matier & Ross first reported the bonus, which will go to 3,600 employees BART employees, except for around 12 or so managers who report to BART General Manager Grace Crunican.

News
July 27, 2017

The state Supreme Court will review San Diego’s five-year-old pension cutbacks that, if overturned, would require the city to spend millions creating retroactive pensions for more than 3,000 workers hired since 2012. The court voted unanimously on Wednesday to review an April ruling by the Fourth District Court of Appeal that had vindicated the city and its pension cuts.

News
July 20, 2017

California’s second-largest public pension fund rode a booming stock market to post its best year of investment returns since 2014.

The California State Teachers’ Retirement System gained an investment return of 13.4 percent for the budget year that ended June 30.

The earnings eclipsed the 1.4 percent net return that CalSTRS reported a year ago, and the 4.8 percent gain the pension fund notched in the fiscal year that ended on June 30, 2015.

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