Mayor Eric Garcetti to lay out plan to close LA’s more than $224 million budget deficit

Los Ang eles Mayor Eric Garcetti plans to take a simpler approach than usual during his state of the city speech. The mayor will deliver his address Thursday at City Hall — instead of at an off-site location like in years past — and he is expected to focus on fiscal prudence. http://www.dailynews.com/government-and-politics/20170419/mayor-eric-garcetti-to-lay-out-plan-to-close-las-more-than-224-million-budget-deficit
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California Cities’ Pension Tab Seen Almost Doubling in 5 Years – Bloomberg

The increase reflects CalPERS’ decision in December to roll back the expected rate of return on its investments. That means the system’s 3,000 cities, counties, school districts and other public agencies will have to put more taxpayer money into the fund because they can’t count as heavily on anticipated investment income to cover future benefit […]
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Appeals court vindicates San Diego’s 2012 pension cutbacks – The San Diego Union-Tribune

A state appeals court has vindicated San Diego’s five-year-old aggressive pension cutbacks, saving the city millions it could have been forced to spend creating retroactive pensions for workers hired since 2012. Proposition B, on the June 2012 ballot, replaced guaranteed pensions with 401(k)-style retirement plans for all newly-hired city employees except police officers. An appeal […]
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County transportation agency OKs nearly $35 million to improve busy streets, synch traffic lights – Orange County Register

In August, the OCTA issued a call for projects for about $32 million for the Regional Capacity Program that provides funding for capital improvements to congested streets, roads, intersections and interchanges, and $8 million for the Regional Traffic Signal Synchronization Program, which funds multi-jurisdictional signal projects along county streets. Source: County transportation agency OKs nearly […]
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Group signals recall effort against first-term Newport Beach councilman – Orange County Register

A group filed paperwork with the city April 5 with the intent of booting a conservative council member. The form names Jen Slater as the group’s treasurer and Marilyn Brewer as its principal and alleges support for  high-rise development throughout the city is one of the reasons for the recall. Source: Group signals recall effort […]
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