Tag: pension debt
Firefighting in Orange County – Part One, Firefighter Pay and Benefits
Total unfunded actuarial accrued liability was $5.7 billion, and the OCFA share of that totaled $380 million. In June 2019 the City of Placentia, in a 3-1 council vote, decided to leave the Orange County Fire Authority and build...
Sanctuary City Oakland Using State Gas Tax Money to Keep Streetlights On
The City of Oakland, California, which its Mayor claims is “one of America’s most diverse and progressive cities,” is in serious financial trouble. In its newly released 2019-2021 budget, Oakland will be using $2.9 million in state gas tax funding...
Gov. Newsom’s ‘Genius’ Cabinet Secretary Ana Matosantos
Gavin Newsom’s selection for cabinet secretary is Ana Matosantos, whom California’s new governor calls one of the “most capable public servants in America” and a person of “unrivaled professional accomplishment coupled with a personal determination to serve the public good.”...