LA WATCHDOG--In 2014, the LA 2020 Commission recommended the establishment of a commission to address the “ballooning” costs related to the City’s two underfunded pension plans, the Los Angeles City Employees’ Retirement System (“LACERS”) and the Los Angeles Fire and Police Pensions (“LAFPP”).
LA WATCHDOG--You can imagine the fun the late night talk show hosts will have if the characters in Los Angeles have to live and work in the dark because of blackouts caused by the lack of renewable power.
LA WATCHDOG--The US Attorney announced the indictment of former Deputy Mayor Ray Chan along with two other real estate developers in connection with the criminal enterprise involving Jose Huizar and the pay-to-play corruption scandal that is enveloping a City Hall that refuses to reform its policies and procedures involving zoning in the City of Los Angeles.
LA WATCHDOG--Despite the fact that Los Angeles is facing a $700 million “budget gap” this year, our cash starved City has managed to blow an estimated $250 million in its effort to overcome union objections to the planned furloughs for 15,000 civilian employees.
LA WATCHDOG--The City of Los Angeles is still looking for a financial bailout from Washington, DC, despite the apparent failure of the Democrats to flip the Senate.