LA WATCHDOG - The Los Angeles Police Department is requesting a 12% increase in its budget for the upcoming fiscal year that begins on July 1, 2022.
LA WATCHDOG - As a result of a return of over 32% on its investment portfolio, the Los Angeles Fire and Police Pension Plans (“LAFPP”) are 109% funded as of June 30, 2021, resulting in a surplus of $2.5 billion based on the market value of its investments.
LA WATCHDOG - The Los Angeles City Employees’ Retirement System (commonly known as “LACERS”) had a 29% return on its investment portfolio for the fiscal year ending June 30, 2021.
LA WATCHDOG - Former Councilman Jose Huizar is awaiting trial in Federal court. Former Councilman Mitch Englander is in jail.
LA WATCHDOG - The Los Angeles Zoo is asking the City Council to approve its $650 million Vision Plan that will “transform the Zoo into the environmentally sustainable, world-class destination and wildlife conservation center that Los Angeles deserves.”
LA WATCHDOG - The City of Los Angeles is considering a number of large infrastructure projects that will result in significant tax increases if approved by the voters.
LA WATCHDOG - Public banking advocates are on a roll.
LA WATCHDOG - The City’s two underfunded pension plans, the Los Angeles City Employees’ Retirement System and the Los Angeles Fire and Police Pensions, may no longer be underfunded as a result of blockbuster returns on their investment portfolios for the fiscal year that ended on June 30, 2021.
LA WATCHDOG - The City of Los Angeles budget cycle for the fiscal year beginning July 1, 2022 officially started on September 13 when Mayor Eric Garcetti issued his Fiscal Year 2022-23 Budget Policy and Goals.
LA WATCHDOG - Recently elected Councilman Kevin de Leon announced that he is a candidate to be the next mayor of the City of Los Angeles.
LA WATCHDOG - The City Council is considering a 2022 ballot measure that would amend the City Charter to limit bid preferences on City contracts to include only business located in the City of Los Angeles.
LA WATCHDOG - Former City Councilman Jose Huizar has been indicted on federal racketeering charges in connection with his shakedown of real estate developers in a $1.5 million pay-to-play scheme.
LA WATCHDOG - While Californians are awaiting the outcome of the vote to recall Governor Gavin Newsom, others are already focusing on the November 8, 2022 ballot.
LA WATCHDOG-Everybody loves trees and green space, especially in crowded, disadvantaged neighborhoods of the City where there is a scarcity of parks, recreational opportunities, and open space.
LA WATCHDOG - The Bureau of Sanitation is considering the development of its Clean Water Campus, a 159,000 square foot facility with a 750 car parking facility, that is expected to cost more than $100 million.
LA WATCHDOG - Seven years after the City entered into a deal for Fire Station 83, you have to wonder what the hell is going on with this facility that is located at 5001 North Balboa Avenue in Encino in Council District 5 represented by wannabe controller Paul Koretz.
LA WATCHDOG - The Los Angeles 100% Renewable Energy Study (“LA100”) explored multiple pathways for the Department of Water and Power to achieve a 100% clean energy future by 2045.
LA WATCHDOG - Every two or three years, the City Council and the Mayor approve new budget busting labor agreements* with the campaign funding leaders of the City’s public sector unions.