State Supreme Court ducks key pension issue….

[fsn_row][fsn_column width=”12″][fsn_text] By Dan Walters | March 2019   The state Supreme Court could have addressed a fundamental issue in California’s public employee pension crisis – whether the so-called “California rule” makes it impossible to reduce benefits. However, the court punted this week, ruling that since the Legislature and former Gov. Jerry Brown legitimately eliminated a way that workers could […]

Locals seek new levies despite $4B property tax surge

[fsn_row][fsn_column width=”12″][fsn_text] By Dan Walters Local government officials throughout the state got some very good financial news when county tax assessors toted up changes in taxable property values for their 2018-19 budgets. The state’s uber-strong real estate market generated a 6.51 percent increase in those values, adding another $374 billion to the property tax rolls and […]

Apartment rental scam…

[fsn_row][fsn_column width=”12″][fsn_text] GLENDALE (CNS) – Glendale police today sought possible additional victims of a man who allegedly swindled people out of money in an apartment rental scam. Wail Balkhi, 22, of Glendale was arrested Wednesday on a warrant after he was charged with four counts of grand theft by false pretenses, the Glendale Police Department […]

California’s Rental Cost – A Crisis of Epic Proportions

By Frank Gallo While California faces an affordable housing gap at nearly all but the highest income levels, the low-income housing shortage is most severe. Even though there are many reason why people become homeless, there’s little question rising rents are linked to more Californians living in cars, shelters, and on the streets—especially in the […]

The Un-Announced, Illegal Electric Rate Increase

The Un-Announced, Illegal Electric Rate Increase By Frank Gallo In the table below, as part of the City’s own electric rate Cost of Service Analysis (COSA), two things stand out. First, a City transfer shows as an integral cost of providing the electric service, and second, no money is being put aside in reserves. There […]

California’s Rental Cost – A Crisis of Epic Proportions

California’s Rental Cost – A Crisis of Epic Proportions -By Frank Gallo While California faces an affordable housing gap at nearly all but the highest income levels, the low-income housing shortage is most severe. Even though there are many reason why people become homeless, there’s little question rising rents are linked to more Californians living […]