Daily Archives: October 11, 2012

South Bay and other California cities are at much greater risk of bankruptcy than residents are being told. Unrealistic optimistic revenue projections by city finance directors have not come to fruition, just as I warned would happen in El Segundo. City revenues actually declined.

Voters can and must help protect against city bankruptcies by voting “YES” on Proposition 32. It puts voters first by cutting the money tie between politicians and special interests and ensuring every individual contribution is made voluntarily.

Special interests have already contributed $43 million to defeat Proposition 32 with totally deceptive campaign ads. The same government employee unions that have been driving cities and school districts toward bankruptcy with astronomical and unsustainable salaries, benefits and pensions have contributed 98 percent of that campaign money ($42 million).

Proposition 32 will break the stranglehold government employee unions have on Sacramento and local government — that has blocked real and meaningful compensation and pension reform, and Senate Bill 1530, which would have made it easier to dismiss teachers who sexually abuse their students. … Continue reading →