California cities facing major revenue shortfalls, rising pension costsCalifornia Independent Voter NetworkVallejo is the poster child for what's ailing California cities. It filed for bankruptcy in 2008, a victim of the real estate crash, losing a major employer in the process, and facing pension costs it cannot possibly meet. … View full post on california [...]
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California cities facing major revenue shortfalls, rising pension costs – California Independent Voter Network
August 30th, 2011 
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Tags: California, Cities, Costs, facing, Independent, Major, Network, pension, Revenue, Rising, Shortfalls, Voter 
No Comments »New business creation in California drops off a cliff – California Independent Voter Network
August 29th, 2011 admin New business creation in California drops off a cliffCalifornia Independent Voter NetworkReal estate and related businesses like construction and home improvement all got hammered. Lots of people lost their jobs. These states include Florida, Nevada, and Arizona. Yet, even though they are ailing, they still rank higher than California for …and more » View full post [...]
Posted in Uncategorized Tags: Business, California, Cliff, Creation, Drops, Independent, Network, Voter No Comments »Public pensions operate under far laxer accounting rules than private pensions – California Independent Voter Network
June 6th, 2011 admin Modesto Bee Public pensions operate under far laxer accounting rules than private pensionsCalifornia Independent Voter NetworkBoth deals were described as hugely speculative by real estate insiders. Investing in dicey real estate at the top of a bubble is not a responsible way to manage retiree money, nor is allowing lax rules for public pensions.Drawing the [...]
Posted in Uncategorized Tags: Accounting, California, Independent, laxer, Network, operate, Pensions, Private, Public, Rules, Than, under, Voter No Comments »California has 8 out of 10 cities with highest unemployment rates in nation – California Independent Voter Network
April 19th, 2011 admin California has 8 out of 10 cities with highest unemployment rates in nationCalifornia Independent Voter NetworkThere are many other states with major agricultural areas, yet they don't have the unemployment that agricultural areas in California have. Why is this? It may be due in large part to the real estate crash. These areas, for those [...]
Posted in Uncategorized Tags: California, Cities, Highest, Independent, Nation, Network, Rates, Unemployment, Voter No Comments »California State Teachers Retirement System may become insolvent – California Independent Voter Network
February 28th, 2011 admin California State Teachers Retirement System may become insolventCalifornia Independent Voter NetworkThey can value their real estate however they want (this due to a change in accounting rules that applies only to big banks.) How do California public pensions mark their real estate? Because it they aren't marking to market, then their value will be …CalSTRS [...]
Posted in Uncategorized Tags: Become, California, Independent, insolvent, Network, retirement, State, System, Teachers, Voter No Comments »
