LA WATCHDOG--The 2019 Assessment Roll for the 790,556 properties in the City of Los Angeles rose to a record $653 billion, an increase of $42 billion, or 6.8%, from 2018.
LA WATCHDOG--On Friday, August 9, the Los Angeles City Council will approve 21 Memorandums of Understanding for the Coalition of City Unions (the “Coalition”) without any public comment. These MOUs will cost the City $300 million over the three-year life of the contracts (July 1, 2018 to June 30, 2021).
LA WATCHDOG--The description of existing litigation in the agenda of the Board of Water and Power Commissioners that is to be discussed in closed session (behind closed doors) meets the minimum requirements of the 1953 Brown Act.
LA WATCHDOG--The lack of transparency concerning the economics of the new labor contracts for the City’s civilian workforce is nothing short of a cover up orchestrated by Los Angeles Mayor Eric Garcetti and City Council President Herb Wesson.
LA WATCHDOG--A public bank is a vehicle for politicians to divert legislatively designated funds into a blind pool to fund noneconomic pet projects and loans to politically connected, uncreditworthy borrowers. This will result in losses that will have an adverse impact on the bank’s ability to continue as a going concern and on the government’s credit rating.
LA WATCHDOG--Our Department of Water and Power has been front and center ever since the FBI raided its offices and those of City Attorney Mike Feuer looking for evidence of “bribery, kickbacks, extortion, mail fraud, and money laundering” in connection with the fraudulent settlement of the class action lawsuit involving the botched rollout the Department’s customer billing system.