Tag Archives: Simi Valley rescinds Pension Obligation Bond under threat of lawsuit

Please write to Howard Jarvis Taxpayers Association and tell them we need their help with this illegal bond Staff is trying to shove down our throats

2 Jun

Well, the cat is out of the bag – the city of Chico is trying to foist an illegal bond on us without taking it to the ballot. Howard Jarvis Taxpayers Association has sued both the state of California and the SoCal town of Simi Valley and stopped them in their tracks, Simi Valley council voting unanimously to rescind their POB just last year.

Other towns have gone through with these bonds, because nobody stood in their way.

So yesterday I wrote a note to the HJTA office in Sacramento – that’s info@hjta.org I simply told them my city is taking a POB to court for approval, and asked them how I can stop that.

And I’m asking others to do same. Please write a quick email to HJTA and tell them you would like more information about stopping your city from issuing Pension Obligation Bonds. I’m afraid my little email won’t catch their attention. These people are busy with a lot of requests, we have to get on their radar if we want to get help with this illegal tax.

I also wrote an email to District 3 council member Kami Denlay, because she was the only council member to vote no when Staff brought this bond forward, telling me she thought it should go before the voters. I sent her links to the story about Simi Valley. I asked her what court Staff is taking the bond to. She responded,

I will double check the details for you this evening. When I previously asked about this I was told that legal counsel was taking it to court to check our legal ability to pursue the bond. I did not receive a lot of detail, so I will be happy to follow up and let you know what information I get.

Her response makes me suspicious – Staff is not telling council everything. They never told council about the Simi Valley case. Staff tends to treat council like children, manipulating them by omitting important facts and just plain lying. They have repeatedly denied this is a tax, denied that it will result in new debt, and refused to discuss other avenues for paying down the UAL.

I had almost given up on my own district rep, Kasey Reynolds, but I will also send this information along to her. Please send your rep an email, send them the link to the Simi Valley story. We need to nip this mess in the bud before it ends up costing any more money. They’ve already shelled out for consultants and put a $$$$ of Staff time into it. Let’s stop it before it goes any further. Here’s the Simi Valley story,