retirement

Budget cuts and temporary taxes were on tap this morning in California Gov. Jerry Brown's State of the State address. Below is a transcript of his speech. Go here for an audio version and post-speech analysis moderated by Marianne Russ with Jean Ross, Executive Director of the California Budget Project, former Republican Assemblyman Roger Niello, media/political analyst Barbara O'Connor.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Nevada’s public employee pension system is one of the better funded plans around the country, but its financial health is far poorer than taxpayers may realize because of the way the long-term liabilities are calculated, a new analysis released Wednesday says.

SACRAMENTO, Calif. (AP) - Gov. Jerry Brown on Thursday unveiled his plan for overhauling public retirement benefits requiring California lawmakers to tread carefully between protecting taxpayers an...

UPDATE:(October 18, 12:30pm) The vote on the Tentative Agreement between General & Public Works and the City of South Lake Tahoe has been postponed to give both parties more time for review. The employee group will meet and vote on Friday, October 21. City council will then vote on the agreement at the next meeting which has not yet been scheduled.
"It was just too fast," said City of South Lake Tahoe Human Resource Director Janet Emmett. "It was obvious that they needed more time to educate their members and then we would need more time to review the agreement as well."
Meanwhile, the city council meets at 2pm today for the special budget meeting, and is expected to approve the layoff of 19 employees. This number is lower than the original proposed cuts in staff, and will spare the Streets Department from losing more than half of its workers.

As an early snowstorm descended on South Lake Tahoe the first week of October, the continuing winter of economic discontent looks bleak for the city’s budget woes and employees facing layoff. Seventeen positions are still on the chopping block. At least half of those positions are linked to street maintenance and snow removal operations. While negotiations between the bargaining units and the city continue to be held, there is a hint of an impasse — while the city functions on only an interim budget until the end of the month.