California’s $300 billion public employee pension fund reported the upbeat news that its rate of return exceeded 18 percent in the fiscal year that ended last month. But happy days are hardly here again for the California Public Employees’ Retirement System, or for taxpayers who must make good on government pensions.
Congress should leave Ex-Im bank alone.
California is the only state in the western United States that does not regulate groundwater at the state level. Worse, the state also is unique in the West with a wrongheaded, outdated 1951 law that makes well logs and drillers reports confidential information and not available to the public. That makes real groundwater management impossible.
Manipulation of loopholes allows public equity firms to unfairly avoid paying taxes and to nickel-and-dime their investors, which increasingly include public pension funds like CalPERS.
Ever so slowly, Sacramento County officials are preparing to enter the Internet age, to the benefit of the electorate. It can’t come soon enough.
Since county officials can’t get along, grand jury goes to extremes to recommend getting rid of a bunch of elected positions.
The Brandathon’s “In Season” concept misses the mark in capturing the identity of the six-county Sacramento region.