West Covina has rented their own streets to themselves. Tucson has rented their own five golf courses and a zoo, while Flagstaff pays rent on their own libraries, fire stations and even City Hall. Chico councilman Sean Morgan has suggested the city should rent Chico Airport to itself. All to pay the outrageous pensions of our elite public employees.

18 Feb

Back in September 2020, I wrote about a Finance Committee presentation from a bond consultant. The city is looking for a new revenue stream to pay down the pensions – instead of just asking the employees to pay a more reasonable share they turn to a tax that will not even come to the ballot. 

https://chicotaxpayers.com/2020/09/21/another-hair-brained-scheme-from-orme-and-constantin-finance-committee-to-discuss-leasing-our-streets-to-pay-the-pension-deficit-no-im-not-joking/

The consultant discussed two options – a Pension Obligation Bond, and “lease revenue bonds”. Neither option requires voter approval.

Pension obligation bonds (POBs) are taxable bonds used to fund the unfunded portion of pension liabilities with borrowed money.  The presumption is that investments will pay the debt service. 

“Lease revenue bonds” involve municipalities issuing bonds (borrowing money) using their own city streets or buildings as collateral to pay down their unfunded pension liabilities. From the 9/23 agenda: “A lease revenue bond structure (leased asset required, such as streets or buildings) would avoid validation process [meaning, the voters] and could proceed on quicker schedule.”

Essentially, a city leases their streets to a special Financing Authority, which will pay the city their up-front money, and “rent” the streets back to the city, in order to pay off the bonds. (Forbes)

And the taxpayers pay the “rent”.  “The municipality will generally appropriate money during each budget session to meet the lease [rent] payment.” (Forbes) These appropriations come at the cost of public safety and infrastructure.

Again, neither requires voter approval. Last month the full council heard the same consultant and voted to have him bring back the fine details, hoping to have this pig in the poke by March. 

The other day I got a note from Mary Walsh, who writes about public finance for the New York Times. Here’s an article she wrote about the revenue lease option. 

The City of Tucson, Ariz., decided last year to pay rent on five golf courses and a zoo — to itself. In California, West Covina agreed to pay rent on its own streets. And in Flagstaff, Ariz., a new lease agreement covers libraries, fire stations and even City Hall.

They are risky financial arrangements born of desperation, adopted to fulfill ballooning pension payments that the cities can no longer afford. Starved of cash by the pandemic, cities are essentially using their own property as collateral of sorts to raise money to pay for their workers’ pensions.

How did they do that?

It works like this: The city creates a dummy corporation to hold assets and then rents them. The corporation then issues bonds and sends the proceeds back to the city, which sends the cash to its pension fund to cover its shortfall. These bonds attract investors — who are desperate for yield in a world of near-zero interest rates — by offering a rate of return that’s slightly higher than similar financial assets. In turn, the pension fund invests the money raised by those bonds in other assets that are expected to generate a higher return over time.

I have to ask this question – given the mess we’re in with CalPERS horrible record of investment returns, why in the hell would we try to play the stock market? Another good question would be, who makes the decisions? Mark Orme? Scott Dowell? Or an investments firm that charges ridiculous fees? 

So, I asked my council representative Kasey Reynolds and will be sure to post her response. I’ll tell you the truth – she has never responded to my inquiries about the Shelter Crisis Designation, so I won’t hold my breath on this one. 

Congratulations Yvonne Johnson, Teri Dubose, Rob Berry, and all you Chico “Fisters” – you got what you deserved for endorsing Andrew Coolidge!

4 Feb

Well, you know I can’t resist saying “I told you so.” Especially when some bully has come and twisted my arm to do what they want. No, I won’t get over Yvonne Johnson’s ugly threat – “you’ll get what you deserve for this endorsement...” That endorsement was Randall Stone over Andrew Coolidge in District 5. 

“I would say the same about your stupid endorsement of Stone! You will get what you deserve for this endorsement. As I understand things, Coolidge was trying to compromise on one particular issue that you didn’t agree with. Stone and his wife make bank on the public dollar. She gets buyback on health insurance, PERS, and a lot of other perks due to Stone’s political position.”

One particular issue? He approved the Shelter Crisis Designation, that was hardly a “compromise,” it was a complete sell-out, and the conservatives, including Rob Berry, were pissed about it. That designation is WHY we are where we are today.  When Coolidge announced his candidacy for the 2020 race, Rob Berry acknowledged that Coolidge had voted with the liberals to institute a “Shelter Crisis Designation.” But endorsed him anyway?  Well, how did you feel Yvonne, at exactly that moment when Coolidge threw his hat in with Huber and Brown to forward that plan to put nearly a million dollars of General Fund money into a hobo camp on the kids’ BMX track at the fairgrounds? 

And let’s not forget Lttle Miss “Clean Up the Camps” Deepika Tandon, who also voted with the liberals.   She actually littered my computer with ads showing hobos and her own picture, face filled with disgust. Now she expects us to give them our Park and Ride? What? 

So, excuse me if I’m laughing instead of crying this morning – the image of Rob Berry and Teri Dubose and the rest of you ugly little fascists with a big splatter of egg on all your faces is just too amusing. You bullies ran an ugly campaign, Dubose funneled 10’s of thousands from the unions into funding Coolidge’s campaign – and now? Neither Dubose nor Berry will fess up to this huge blunder. 

I’m old now, and I don’t really give a  flying fuck at a rolling donut what people think, so cover your ears if you don’t like profanity – FUCK YOU CHICO FIRST AND CITIZENS FOR A SAFE CHICO. You people are a giant joke. Unfortunately you’ve put that joke right onto the rest of us. 

A simple question: Why would council want to limit transparency of government finances, especially at a time they want a tax increase and a pension obligation bond?

2 Feb

Dave sent me his email to Chico City Council, asking why they don’t tape the daytime committee meetings and post the video on the website. This is the kind of action we need to take on a regular basis if we want accountability out of Council and Staff.

Yes, it looks a little suspicious when they have these conversations at meetings held during the work day, without any recording, and insufficient notes taken by Staff. Here’s another weird thing a lot of people don’t know – before the minutes are even posted for the public, the committee members are allowed to pick and choose what comments are put in the minutes. So, these meetings most certainly need to be recorded for the public. 

Thanks Dave! 

Hello City Council Members,

Currently the finance meetings are conducted via Zoom on a weekday
during working hours and as a result most working people are unable to
attend.  With Zoom these meetings can be recorded and made available to
the public on-line.  Yet staff refuses to record the meetings and make
them available on-line, stating there is no policy requiring them to do so.

Since taxpayers are already paying for Zoom and Zoom has the ability to
easily record and make the meetings available to the public can you tell
me why this is not being done?  Is there no policy and if so why?

Why would you limit transparency of government finances, especially at a
time you want a tax increase and a pension obligation bond?

If you need a formal request from the public for a policy requiring
staff to record the meetings and make them available to the public
online then I formally make that request with this email. Please
agendize an item on the next council meeting to create this policy.

Thank you.

Jerry Olenyn: Oroville considers contracting Cal Fire for protection, CALPERS savings plays key role

29 Jan

Here’s the answer to Staffers who tell us we “can’t get out of CalPERS…”

https://krcrtv.com/news/local/oroville-considers-contracting-butte-fire-for-protection-calpers-savings-plays-key-role

We need to dump CalPERS – and the first employee we need to throw out is City Manager Mark Orme

29 Jan

I’m not the only person who is anxious about the Pension Obligation Bond currently being shoved through the process by Chico City Manager Mark Orme. Here’s a note from Joe Azzarito: 

With that said, I wish to concentrate on something much closer to home – Chico city counsel’s effort to “restructure our city’s debt” with a much disclaimed process – that being pension obligation bonds, without people’s consent to boot.. 

To put this complicated action to address Chico’s unfunded pension debt of some $146 million and growing in perspective, a comparison can be made to refinancing one’s residence and using the funds to invest in the stock market, with the hope of making a killing. Financial planners will tell you to never do this. The risk of losing both the invested capital and one’s home is enormous. This is what city counselors hope to do to satisfy a need that should never have happened in the first place. Compelled to honor a salary structure and benefits to the detriment of all, except the few, is unconscionable. Contracts can be rewritten to right past wrongs. No one in a city our size needs the excessive compensation when so many more compelling needs are ongoing in this pandemic economy. Strongly urge all city employees to offer, if not forced, either pay cuts or submit to benefit payment increases as a means of paying their own way to the promised land of retirement. 

Joe is right – these contracts can be rewritten, they come up before council for consideration every year. Council has the right, under contract, to either adjust agreements with consent of employees or terminate the contract and hire somebody else.

Here’s a letter to the Marin Independent Journal that reminds us how risky these POB’s are.

(January 28, 2021 at 12:12 p.m.)

Corte Madera plan gambles taxpayer money

I am writing in regard to the article published Jan. 21 with the headline, “Corte Madera moves to refinance pension obligation.” Town Manager Todd Cusimano is incorrect by stating the issuance of pension obligation bonds is like refinancing a 20-year mortgage at 7% with a 3% rate and the difference being “savings.”

In substance, Corte Madera is gambling with taxpayer money in the stock market using margin (leverage). On Wall Street this is called the “carry trade” and is a rudimentary form of arbitrage. On Main Street, it is akin to taking out a home equity line of credit and buying stocks.

The entire reason Corte Madera has an unfunded pension liability is because CalPERS uses extremely aggressive assumed plan returns. If CalPERS fails to earn 7% going forward, then Corte Madera’s debt will grow and the forecast “savings” will evaporate.

Until citizens force pension reform, debt will continue to accumulate quietly in the background and encumber the next generation.

The past is literally devouring the future.

— Ken Broad, Mill Valley

That’s right, CalPERS assumes a high rate of return on their investments, despite years of poor returns. Read this article from Bloomberg that attempts to explain why CalPERS ends up on the shit-end of the stick, along with retirement systems all over the United States.

https://www.bloomberg.com/opinion/articles/2021-01-29/bond-yield-slump-market-madness-puts-pension-funds-in-a-risky-bind?sref=zJTivdEs

Because of an overcompetitive market, “pension funds will struggle to find assets that generate sufficient cash flows to fulfil their obligations to retirees.”

This article leaves me feeling that gambling retirement assets on the market is just an unacceptable practice. But Mark Orme continues to tell us we can’t get out of CalPERS. 

It wouldn’t be so bad if the employees were willing to share in the risks, but they expect their pensions no matter what, while making completely unrealistic contributions on their end.  Public employees expect the taxpayers to double-pay them – they expect their overgenerous salary, and then they expect it again as retirees, without chipping in Jack Shit. Like Joe says, “Compelled to honor a salary structure and benefits to the detriment of all, except the few, is unconscionable.”

The first contract that needs to be thrown out and rewritten is Mark Orme’s. 

Who’s really in charge here?

28 Jan

Last week I received an agenda for another closed Finance Committee meeting, the first since last September, when the FC heard a consultant’s pitch for a Pension Obligation Bond. 

These meetings have always been held during the work day, when the average person has no chance to attend, and they’ve never been recorded. About 8 years ago, with a lot of smack about Jennifer “Loosey Goosey” Hennessy, recently departed finance manager Chris Constantin instituted a new policy of giving detailed finance reports at every meeting. Those reports were always available with the agenda of the meeting, they still are. 

But here’s the thing – the conversations get pretty far-reaching, and darned frank. At one meeting I attended a couple of years ago, local banker Marc Francis took Constantin out into the hallway to have a private conversation about a sales tax measure. I think that’s inappropriate, and a lot of that goes on at these meetings. But who would know – it’s not only not recorded, the clerk takes very minimal notes. 

I guess Zoom is an improvement, but you have to have good internet, and you need to sign in at least a half hour early to work out the glitches. And it’s the same as a live meeting – who’s available to watch a city committee meeting from 8 – 10 am on a work day?

I used to go to a lot of trouble to attend these meetings, putting aside my day’s work and lining up outside the door in whatever kind of weather. Why? Because it’s toe-to-toe in there, you can actually look your “representatives” right in the eye and tell them what you think, including what you think of what they think. There’s a lot of give and take, and oftentimes, they’ve backed down  from bad ideas just because they know somebody is watching.

So yes, I believe those meetings should all be videotaped, and the public should be able to get a copy for viewing at home. Holding meetings when people can’t attend and refusing to tape them is obviously just their way of keeping the public from knowing what the hell is  going on. 

And who makes that decision? Not your duly elected “representatives”, but Mark Orme. Remember, last March, at the onset of the shut down, our lovely council passed the mantel to Orme – he’s our un-elected Boss Man now, and he’s running our town into the toilet.

Take this item from next week’s council agenda. 

CREATING SHELTERING OPTIONS

The City’s Homeless Solutions Coordinator continues to evaluate options to mitigate the impacts of homelessness on the community and to help find ways for service providers to forge a responsible and sustainable continuum of care for Chico’s unsheltered populations.  This report provides options to build partnerships for the establishment of a legal camping environment, potential outdoor shelter environment, a non-congregate shelter collaboration, and a potential Park-n-Ride safe parking site.

Recommendation : The City Manager recommends the City Council consider the following:

I think this is outrageous – what happened to our “conservative” council who told us it is not the city’s responsibility to house anybody, it’s the county’s responsibility? Here they are going to take a piece of land from a group that promoted outdoor activities for children and give it to a group of transients to shit all over.

1.
Authorize the use of city owned land at 2352 Martin Luther King Jr. Parkway to establish an outdoor shelter (legal camping environment).

This is currently the location of the BMX track, formerly rented by a non-profit group that was evicted to  fulfill certain people’s agendas.


2.
Direct staff to return to the March 2, 2021 meeting, should the fund-raising efforts to raise $600,000, to fulfill the relocation of the current lessee, not be achieved.

If CHAT can’t fulfill their promise, we should pay?

3.
Authorize staff to use $282,933 of Community Development Block Grant Coronavirus (CDBG-CV) funding in relation to issues of homelessness and to take steps necessary to implement its use.

This money should be going to people who have actually been affected by the COVID shut down, including small businesses.

4.
Authorize the use of $250,000 in general fund dollars to support the efforts of the Chico Housing Action Team to secure a long-term lease for a non-congregate shelter site which will contribute to the advanced program engagement options for unsheltered populations.

$250,000 +

5.
Consider the use of $400,000 in general fund dollars to support the hard costs (one-time costs) required to implement the outdoor shelter environment should funding from the Continuum of Care for alternative sheltering options not be available in the next 60 days.

$400,000 +

6.
Consider the use of $200,000 in general fund dollars to support the operational costs required to begin operating the outdoor shelter environment should funding from the Continuum of Care for alternative sheltering options not be available in the next 30 days.

$200,000 = a grand total of $850,000 out of the General Fund. This is an important example of how they can do anything with money that is deposited in the General Fund.

7.
Evaluate and provide direction on any other information contained herein as it relates to identifying sheltering options for the unhoused population, to include the safe parking proposal.

As stated in the introduction, this has something to do with a Park and Ride facility. You can read the full report for yourself, here:

http://chico-ca.granicus.com/GeneratedAgendaViewer.php?view_id=2&event_id=353

And then be sure to comment at Engaged Chico when Staff decides to load the agenda there:

https://chico-ca.granicusideas.com/  

None of this stuff has been discussed at any Finance Committee meeting. It’s been discussed at Homeless Task Force “Ad Hoc” meetings. Ad Hoc meetings require no notice of the public and no record.  But the biggest point I’d like to make here is that this is all on the recommendation of City Manager Mark Orme. 

I had already sent in the following letter when I received the agenda, so I’ll be sure to write a follow-up.  Why letters to the editor? Well, I also wrote to my city representative Kasey Reynolds, twice since December, asking her direct questions about the “Shelter Crisis Designation” But she so far has failed to respond. So I write to the Enterprise Record. I believe Mark Orme is at the center of the problem, and he needs to go.

In 2012 Chico voters passed Measure L, calling for city council to appoint the city clerk.. Proponents claimed Measure L would make the clerk answerable  to city council.  But, with the COVID shutdown, council abdicated all leadership responsibilities to city manager Mark Orme. 

Since March 2020, Orme has created three new positions, appointed a new police chief and given him a raise.  Orme has continued to close meetings to the public, while bringing forward tax measures for discussion without public participation.

When a friend asked the clerk’s office if a closed meeting would be recorded for public scrutiny, Staff replied, “The City does not have a policy that requires staff to record Finance Committee meetings, and does not plan to do so.” When asked why, Staff deferred to Orme.  “My supervisor is the City Clerk, Debbie Presson.  However, she is out of the office on extended leave.  The City Manager, Mark Orme, is my supervisor in her absence.”

Two Shasta County supervisors recently opened their meeting to citizens. Supervisor Les Baugh said, “We did not receive a letter from the state of California asking us to close down our board meetings…” 

In Chico the meetings are closed under order of City Manager Mark Orme because he doesn’t want public scrutiny for his proposed Pension Obligation Bond. This bond would formally shift the pension burden from city employees, who expect to receive 70 – 90% of their highest year’s salary, to the backs of the taxpayers. At the cost of roads, parks and infrastructure. 

Juanita Sumner, Chico, CA

 

 

 

 

 

One man’s story tells the story of Chico

16 Jan

I recently noticed a story in the ER that essentially details what has happened to our town.

This man was sentenced recently for vandalism and “hate crimes” for painting a swastika.  Just now? After running the streets of Chico for 15 years, arrested multiple times for crimes that escalated in violence. Here’s the first case in his Butte County Superior Court File, from 2006 – possession of a deadly weapon.

https://cabutteodyprod.tylerhost.net/Portal/Home/WorkspaceMode?p=0

He was fined and sentenced for charges including failure to appear, but only after this case made it’s way through the court for TWO YEARS. In the meantime, he was charged three more times in 2007, and three times in 2008, for possession of drugs, failure to appear, vandalism, and “willful disobedience of court order...”

Willful disobedience to the court means to me this person is not willing to live within the law, and that should mean he needs to be institutionalized. Instead, the judge released him to go on to a felony weapon possession in 2009, for which he was acquitted? But two more arrests in 2010 result in a felony conviction for “negligent discharge of a firearm...”

Of course he was right back out on the streets in 2012, this time arrested for “elder or dependent adult abuse…

His sheet goes on like this until 2019, when he FINALLY comes up for psychiatric evaluation – after the vandalism bender that included the swastika. The court determined he was competent to stand trial, and gave him 6 years for a “hate crime“.

15 years with a record like that, but they finally send him up for 6 years over “hate crimes”. Toward whom? His residence in Chico seems to me one long, extended orgy of hatred toward humankind.

Why does “hate” have to be directed at a certain kind of people before it is a crime? Twice this guy was arrested for “elder or dependent adult abuse“, but no conviction? I’m going to guess the victim had no family, felt intimidated, and dropped the charges. I can see the first time being a wash, but what was Ramsey thinking when this guy was brought in a second time for a charge like that? But he gets six years for scrawling a symbol he doesn’t even understand on a wall. There’s ugly, nasty, threatening vandalism all over town. In one night someone busted out car windows at the Enloe parking lot while the owners worked diligently inside to save people’s lives. That is hateful – why aren’t we seeing more arrests and convictions? 

Oh, but gee golly, they are finally clearing the camps at One Mile, I guess we’re supposed to give them a basket of kudos for that! 

Here’s one of my favorite lines,  from Yeats, by way of Didion, by way of Me – “What rough beast, it’s hour come round at last, slouches toward Chico to be born?” 

Waste Management has raised rates 19% over the past year – why isn’t that money being spent on the street in front of your house?

14 Jan

Every three months I open my garbage bill and get pissed off. 

First of all, it took me the first 5 years to get Waste Management to stop charging me for the yard waste bin. In the very beginning of this forced deal, I told them I wanted to opt out of the $6+ charge for a yard waste bin that I don’t need. They agreed, but I kept seeing the charge on the bill. Rather than beating my head against the wall trying to contact them via their website or phone, I just scribbled a correction on the bill and made the check out for the correct amount. For five years. That finally worked, and as of January, 2020, they finally got it right, I stopped seeing that charge. 

But I also noticed, they were raising the rates slowly but surely, every bill seemed different. So when I sat down to pay my January 2021 bill, I dug out the January 2020 bill, and yes, rates are up. A 32 gal trash bin has gone from $52.89/quarter to $62.79/quarter, just over the past year. That’s an increase of 19%. 

Which led me to  do more math. I looked at my old Recology bills. We had Recology for 10 years, and they NEVER raised their rates. In fact, they had a fuel surcharge that fluctuated with the price of gas – meaning, it actually went down occasionally. Their average charge per quarter was about $82, for a 96 gallon trash bin, or about $27/month. Now I pay $20+ for a 32 gallon bin? 

In fact, my total bill, for a 32 gal and a 64 gal, is $134/quarter, or $45/month. Pay attention – I used to get a 96 gal bin for $27/month, now I pay $45/month for two bins totaling same. That is a 60% increase.

I’ve been talking about the franchise fee the city gets from the haulers – as of fiscal year June 2020,  $1,980,313. That’s almost $2 million dollars, of YOUR MONEY. You paid that in extra fees. For what? Well, I don’t think I’m the only one who remembers staff and council telling us the money would go to  fix our neighborhood streets. Former City Manager Brian Nakamura told us “too many” trash trucks were destroying our streets, and that he felt they should pay for that.  He led us to believe the money would be dedicated to the streets, and council members, including Andrew Coolidge, sat by and let him do it.

The first year the money was used on the section of Cohasset Road leading to the airport. Every year since, it’s been dumped into the General Fund, where it is used at the whim of council. Can you imagine what $1,980,313 would look like on the street in front of your house? Or maybe give Vallombrosa more than a patch job? Maybe upgrade the streets around the college beyond Third World Country? 

You know, the city also gave Waste Management a contract to empty the trash cans in the park, so they run those behemoths around the park roads once a week – a job that used to be done by a city employee with a pick-up truck. So maybe council should use some of that franchise money to fix South Park Drive before it falls into the creek. Ya think? 

Let’s write to council and tell them that Waste Hauler Franchise Fee needs to be spent on neighborhood streets. Let’s start with our new mayor, Andrew Coolidge – that’s andrew.coolidge@chicoca.gov

While you’re at it, tell him what he can do with his “roads bond” and his sales tax increase.

Shasta County opens meetings – when will our “conservative majority” reopen council meetings? After they’ve already implemented the POB?

11 Jan

Almost a month ago, on December 13, I contacted my Chico city council representative Kasey Reynolds to ask her about the progress in removing transient camps in public spaces around town. We’d been having a conversation about the situation, and I forwarded her a conversation between Rob Berry and Chico PD officer Scott Zuchin regarding the DA’s unwillingness to prosecute City of Chico Municipal Code violations.

She responded, same day, “I will take a look at it for sure. However our City Attorney was meeting with the County and DA on Friday to talk about our newly passed resolution and the prosecution/enforcing aspect of it. I have not talked to the Atty since the meeting so not sure the outcome.  I’ll find out and let you know.”

I waited until the 22nd, then, realizing it was nearly Christmas, I wrote her again. I asked about the Shelter Crisis Designation, asking “1) if that’s still in effect, 2) if we are still receiving a grant for that designation, and 3) if so, where does the money go (into the General Fund?). I’ll add, 4) do we still get a grant for consolidating services at the fair grounds?” 

I also reminded her that she had previously promised to get back to me regarding the conversation our city attorney had with the county DA. 

As of today, 1/11/21, I have had no response from Reynolds. I know she’s busy – you realize, candy and ice cream are considered an “essential business”, so her shop is open.  

https://www.facebook.com/ShubertsIceCreamChicoCA/

We’re open and ready to scoop your favorite flavors and pack your favorite candies! Stop by the shop until 10:00pm to pick up your favorite sweet treat and see all the new renovations 🎉🍨🍫  We will now be open regular hours, Monday through Friday 10am-10pm, Saturday & Sunday 11am-10pm

Well, isn’t that just nice!

But the same woman thinks it’s okay for council chambers to be CLOSED TO THE PUBLIC? You can run out and grab yourself a SCOOP OF DIABETES, but forget about participating in your local government, especially when they are discussing a tax measure that does not require voter approval. 

So, instead of trying to contact my “representative” again, I wrote a letter to the newspaper. Hope you will do same.

On January 5, while Chico City Council prepared for another closed meeting, Shasta County Supervisors Les Baugh and Pat Jones opened their meeting to the public. Residents were invited inside to redress their grievances, no mask required.

Meanwhile, Chico City Council and Staff continue to hold the public out while they discuss their Pension Obligation Bond. It’s hard to believe we have a “conservative” majority on our council – 5 people voting unanimously to raise taxes? Without voter approval?

That’s right, the consultant reports this bond requires no voter approval. This bond, he explained, requires only “judicial validation”, a purely administrative process. In fact, the consultant assured council, “they all get approved, it’s just a matter of time.”

Staff reports the UAL has grown 43% over 5 years, even while making bigger payments toward the deficit every year, this year over $11 million. Staff blames poor CalPERS investment returns, but the real reason is drastically unrealistic employee shares,  just 9 – 15%, for pensions of 70 – 90% of salary. The situation is exacerbated by incredibly generous salaries, including three new hires in the last year at salaries over $100,000. 

The payments for both CalPERS and the bond service will be appropriated by percentage from all city funds. But POB revenues are restricted to paying the UAL, because, as finance director Scott Dowell has said, “otherwise we’d be tempted to spend it on needed things…”  He means, infrastructure maintenance and public safety – the needs of the citizens.

Employee demands have officially superseded the rights and needs of the public.

Juanita Sumner, Chico CA

 

 

Newsom recall gaining speed: LET’S DO IT!

11 Jan

Apparently the effort to recall California Governor Gavin Newsom is picking up some speed. Proponents claim they’re 70% there, with nearly a million and a half signatures, and roughly half million more needed.

Here’s an interesting read on WHY:

The author opines that the recall attempt received a new breath of life because of COVID shutdowns, and has recently received a huge boost from the recent “French Laundry Scandal”. “If the deadline hadn’t been delayed [due to the shutdown], there wouldn’t have been time for recall backers to capitalize on Newsom’s blundering into the French Laundry on Nov. 6. And that’s what generated steam for the recall.”

The writer is obviously Democrat-friendly – “blundered“? Let’s face it – this is Newsom’s lifestyle, he’s one of the elite one percent who is completely oblivious to his own entitlement. He didn’t blunder in, he does stuff like this all the time – some reporter blundered in, is what happened. Oftentimes, people will take the little things, internalize, internalize, keep feeding that ulcer, screaming the spouse into a divorce, waiting for that inevitable stroke – but you wave something like the French Laundry in their face, and they suddenly blow.

Frankly, the French Laundry scandal is petty compared to the EDD scandal.

https://calmatters.org/commentary/2021/01/california-employment-department-disaster-benefits-fraud/

And here Dan Walters opines that Newsom’s recent promise of “pandemic relief” is a panic reaction to this sudden surge in recall signatures:

https://calmatters.org/commentary/2021/01/california-newsom-budget-recall-windfall-deficit-emergency/

At any rate, whatever the cause, there seems to be a new intensity to this recal, and I hope more people will jump in. Here’s the link to download, sign and send your own petition:

And here are some local businesses that have petitions for you to sign or will mail in your petition for you:

I think it’s interesting that so many small local businesses are helping out with this effort, I think that says it all. Thanks to those of you who have stood up. Let’s do it!