Gov. Jerry Brown has signed legislation allowing the state to borrow $865 million from earmarked funds to help avoid a cash flow problem in March, Brown's office announced today.

Gov. Jerry Brown laid out a detailed plan to alter California's state and local public retirement systems on Thursday – and immediately drew fire from his core labor constituency.
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The former executive director of the California School Boards Association who retired amid a financial scandal involving his pay and bonuses will have his pension reduced by 65 percent, the state pension fund said.
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Sherry Tam doesn't know where her son will go to school next year.
By lowering its investment forecast by another quarter point, CalSTRS made a bow toward economic reality – but also may have complicated efforts to shore up its finances.

California Democrats distort their majority-vote budget power
Dan Walters Many years of partisan wrangling over the state budget reached a climax in 2010 when public employee unions and Democratic politicians persuaded voters to pass Proposition 25, eliminating the two-thirds vote for budgets.
California's political watchdog agency has filled its vacant executive director post. Fair Political Practices Commission Chairwoman Ann Ravel announced today that John W. Wallace, a longtime attorney with the agency, ...
 

The State Worker has obtained the settlement agreements that end two furlough lawsuits against the state in exchange for restoring back pay for a handful of employees represented by the ...
 

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