LA WATCHDOG--The City of Los Angeles has the legal obligation to ensure that its financial statements are “true and complete in all material respects.”
LA WATCHDOG--According to the Sacramento Bee, Mayor Eric Garcetti strongly supports the Split Roll ballot measure that would value business properties at market value as opposed to the current practice under Proposition 13 which assesses the value based on the purchase price (plus 2% a year appreciation).
LA WATCHDOG--When Mayor Eric Garcetti presented his “balanced” budget on April 18, the Four Year Budget Outlook prepared by Richard Llewellyn, the City Administrative Officer, showed that the City would generate a surplus in each of the next four years, topping out at $78 million in 2024. The four-year cumulative surplus was $200 million.
LA WATCHDOG-“Wesson intends to bring the bank proposal back to the ballot again after the idea has been fleshed out so voters can approve the final concept.” Los Angeles Times editorial of September 20, 2018.
LA WATCHDOG--In June, City Council President and wannabe County Supervisor Herb Wesson sponsored a motion instructing the Chief Legislative Analyst to “draft a motion to include in the City of Los Angeles’ 2019-20 State Legislative Program SUPPORT for any effort to amend State law to grant counties the authority to seek voter approval of a tax on personal income above $1,000,000 per year as a means to fund additional homeless housing construction.”
LA WATCHDOG--Angelenos are wondering when the next shoe is going to drop in the pay-to-play scandal resulting from the November FBI raid on Councilman Jose Huizar’s offices and home and the subsequent search warrants issued on, among others, Councilman Curren Price, Deron Williams, Council President Herb Wesson’s Chief of Staff, and Ray Chan, the former General Manager of Building and Safety and a former Deputy Mayor for Mayor Eric Garcetti.
LA WATCHDOG--On Thursday, the incompetence of wannabe mayor City Attorney Mike Feuer was on full display as the City dropped its ill-conceived lawsuit against Pricewaterhouse Coopers, the consultant to the Department of Water and Power in its botched rollout of customer billing system in 2013.
LA WATCHDOG--On Tuesday, the Board of Water and Power Commissioners approved the expansion of the Feed-in-Tariff program by 300 megawatts, contrary to the recommendation of the Ratepayers Advocate.
LA WATCHDOG--It has been almost eight months since Mayor Eric Garcetti unilaterally announced that the Department of Water and Power would phase out the three gas-fired coastal generating stations (Haynes, Harbor, and Scattergood).
LA WATCHDOG--On Tuesday, September 10, the Board of Water and Power Commissioners will once again consider approving the Clean Grid LA – Eland Solar and Battery Energy Storage Projects.
LA WATCHDOG--On Wednesday afternoon, the Personnel Committee of the City Council “considered” and “submitted to Council for its consideration” new labor contracts with the three unions representing the police, the engineers and architects, and command officers.
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--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--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--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.
LA WATCHDOG--On Tuesday, agents from the FBI raided the office of the Los Angeles City Attorney Mike Feuer; the Department of Water and Power, including the office of now former General Manager David Wright and that of the Board of Water and Power Commissioners; and other locations connected to DWP.
LA WATCHDOG--The International Longshore and Warehouse Union (“ILWU”) and the Pacific Maritime Association (“PMA”), an organization that represents the Pacific Coast maritime industry, have entered into an agreement that will allow APM Terminals, a subsidiary of Maersk, the giant Danish shipping company, to proceed with its $1.3 million infrastructure improvement program that will allow APM to operate efficient driverless electric cargo handlers.
LA WATCHDOG--On Thursday, July 11, the Board of Harbor Commissioners once again voted 3 to 2 to deny the appeal by the International Longshore and Warehouse Union (“ILWU”) of its decision to allow APM Terminals, a subsidiary of the giant Danish shipping company, Maersk, to proceed with an environmentally friendly $1.5 million infrastructure improvement plan to its multibillion operating marine terminal.
LA WATCHDOG--On July 9, the members of the Board of Administration of the Los Angeles City Employees Retirement Systems (“LACERS”) unanimously approved the expenditure of $7,500 to send Board President Cynthia Ruiz to Paris, France to attend the Principles in Responsible Investment in Person 2019 conference.
LA WATCHDOG--On Friday, June 28, the Los Angeles City Council, as expected, voted to assert jurisdiction over a recent decision by the Board of Harbor Commissioners
LA WATCHDOG--The following is a summary of my remarks on Budget Day, Saturday, June 29, at City Hall to more than 250 Angelenos that packed the Council Chambers at City Hall.
LA WATCHDOG--On Friday, June 28, the Los Angeles City Council will consider a motion by Councilman Joe Buscaino to assert jurisdiction over a decision by the Board of Harbor Commissioners to approve a minor construction permit that would allow Maersk, the world’s largest shipper of cargo containers, and its subsidiary, APM Terminals, to install electric charging stations, wi-fi antenna poles, and traffic barriers in its 484 acre facility.
LA WATCHDOG--On Friday, Mayor Eric Garcetti announced the that Marty Adams will replace David Wright as the General Manager of our Department of Water and Power on October 1.
LA WATCHDOG--Last week was not a good one for Mayor Garcetti.
LA WATCHDOG--On Tuesday, 54% of the voters rejected Measure EE, the Los Angeles Unified School District’s $500 million parcel tax.
LA WATCHDOG--On May 16, the Federal Rail Administration (“FRA”) terminated its agreement to provide $929 million to the California High-Speed Rail Authority (“CHSRA”) because, among many other failures, the CHSRA has been unable to make reasonable progress in completing the Bullet Train from Union Station in Los Angeles to the Transbay Terminal in San Francisco.
LA WATCHDOG--“This has to be about congestion relief, not revenue.” Mayor Eric Garcetti.
LA WATCHDOG--On Friday, the Los Angeles Unified School District sent an unsolicited email to the parents of students in the Los Angeles Unified School District that contained a link to highly partisan video supporting Measure EE, the $500 million parcel tax.
LA WATCHDOG--The special election for the $500 million parcel tax that will benefit the Los Angeles Unified School District is a little more than three weeks away. As a result, we will be bombarded by mailers and advertisements urging us to reject or support Measure EE, inappropriately named the “Quality Teacher, Class Size Reduction, and Local School Safety Measure.”
LA WATCHDOG--The Los Angeles Unified School District has voted to establish an Independent Taxpayer Oversight Committee “to provide increased accountability and ensure that funds from Measure EE [the District’s proposed $500 million parcel tax], if approved, are used as approved by the voters.”.
LA WATCHDOG--Ever since Eric Garcetti became Mayor in 2013, the City’s General Fund revenues have increased by $2 billion (44%), to a record $6.5 billion. And despite lots of lip service, the Mayor and City Council President Herb Wesson have not made any effort to restore full funding for the Department of Recreation and Parks or develop a plan to maintain and repair its parks and facilities.
LA WATCHDOG--The Los Angeles Unified School District, its union, United Teachers Los Angeles, the Los Angeles City Council, and the political establishment are asking us to approve a $500 million parcel tax to finance LAUSD’s Structural Deficit. This will cost the average renter and homeowner about $200 and $500 a year, respectively.
LA WATCHDOG--Since 2011, the City of Los Angeles has done a reasonable job of building up its two rainy day funds, the Reserve Fund and the Budget Stabilization Fund. Nevertheless, despite record revenues, Mayor Eric Garcetti and the Herb Wesson led City Council have shortchanged the rainy-day funds by diverting money from both entities to the General Fund to pay for increased personnel costs and overly ambitious spending programs.
LA WATCHDOG--Mayor Eric Garcetti’s proposed budget for next year shows a significant increase in revenues which eliminates the previously projected $160 million deficit and funds the raises for the City’s civilian employees.
LA WATCHDOG--On Wednesday afternoon, April 17, Mayor Eric Garcetti will deliver his sixth State of the City Address at Abraham Lincoln High School in Montecito Heights.