Time for another Texas vs. California update:
In a worst-case scenario, CalSTARS and CalPERS might need an additional $50 billion a year between them to stay solvent.
If you haven’t taken a look at my piece on Stockton’s latest boondoggle, you probably should.
A new ballot initiative to cut California public employee pensions is due out in May, lead by former San Jose Mayor Chuck Reed, a Democrat.
Even Jerry Brown’s timid pension reforms are evidently too much for the Obama Administration, which is holding up funds over them.
A rare bit of good municipal news out of California, as Rancho Mirage declares that they’re debt free. (Hat tip: Pension Tunami.)
Prime Health Care pulls out of Daughters of Charity hospital acquisition. California Attorney general Kamala Harris may have just insured those hospitals will close instead.
Texas population to explode. (Hat tip: Push Junction.)
Land acquisition for California’s high speed rail boondoggle isn’t going swimmingly.
Malibu Golf Club files for Chapter 11. “An attorney for Malibu Associates said the company closed the golf club after defaulting on a $47-million loan from U.S. Bank, which has begun foreclosure proceedings.”
“In February, the Berkeley Health Center, a clinic that provided medical services to low-income patients, closed down in the wake of serious financial troubles, including allegations that it had mismanaged public funds.” They also left behind sensitive patient records…
Calfornia hikes water rates. Millions for the delta smelt, not one blue drop for you to drink…
Monolith Semiconductor relocates from Ithaca, New York to Round Rock.
Tags: California, CalPERs, CalSTARS, Chuck Reed, Democrats, fraud, high speed rail, Jerry Brown, Kamala Harris, Monolith Semiconductor, Rancho Mirage, Round Rock, Texas, Welfare State, Williamson County
This entry was posted on Thursday, March 12th, 2015 at 1:51 PM and is filed under Democrats, Texas, unions, Waste and Fraud, Welfare State. You can follow any responses to this entry through the RSS 2.0 feed.
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