Syndicate content

Articles Tagged: "public unions"

public unions

OPINION: Vallejo, California, Likely Headed for Second Bankruptcy

Writing for the New American, Bob Adelmann explains how union pensions are once again pushing Vallejo, CA to the verge of bankruptcy, despite the struggling city having only emerged from its first bankruptcy just two years ago.

Click Here to read the article.

OPINION: Transparency Website Shows True Cost of Unionized Government in California

With the launch of www.TransparentCalifornia.com, Union Watch's Ed Ring explains how the online payroll and pension database lays out the exuberant cost of unionized government employees.

Click Here to read the article.  Read more >>

OPINION: Dan Walters: Yes, California cities do have a serious pension problem

Dan Walters, writing for the Fresno Bee, explains how pension obligations are consuming ever-larger portions of local municipal budgets, squeezing out money for other services. Payments into the state’s public pension fund played central roles in the bankruptcy of three cities and the one that has emerged from bankruptcy, Vallejo, is already back in distress.

Click Here to read the article.

Filed Under: News

NEWS: Two years after bankruptcy, California city again mired in pension debt

The Tidewater Review reports less than two years after exiting bankruptcy, the city of Vallejo, California, is again facing a budget crisis as soaring pension costs, which were left untouched in the bankruptcy reorganization, eat up an ever-growing share of tax revenues.

Click Here to read the article.

NEWS: Feds to resume sending transit money to Calif.

The Times Union reports top Democrats have announced a deal which temporarily exempts workers at public transit agencies from a 2012 California law that required public employees to contribute more to their retirement funds after the U.S. Department of Labor blocked the release of at least $1.6 billion of U.S. Department of Transportation funds to California due to the dispute with transit unions.

Click Here to read the article.  Read more >>

Filed Under: News