LA WATCHDOG--“Any unanticipated economic stress in the future would put L.A. in a far more precarious financial situation.” Ron Galperin, March 2, 2020, Revenue Finance Report.
LA WATCHDOG--We are being “bloomberged” by the educational-industrial complex that is spending an estimated $10 million (if not more) to convince us to vote for Super Tuesday’s Proposition 13, the $15 billion bond measure to fund the repair, modernization, and construction of facilities for K-12 schools, preschools, community colleges, and universities. But Super Tuesday’s Proposition 13 is not in our best interests.
LA WATCHDOG--Last week, Mayor Eric Garcetti launched LA’s “Decade of Action” to fight the climate crisis by issuing a 2,600 word Executive Directive, “LA’s Green New Deal: Leading by Example,” where he “laid out his vision for a carbon neutral Los Angeles and a firm commitment for environmental justice and equity.”
LA WATCHDOG--“When Garcetti became mayor in 2013, he pledged to get “back to basics.” There should be nothing more basic than balancing the budget.” Los Angeles Times, November 10, 2019
LA WATCHDOG--There are rumors emanating from the Mayor’s office and the Los Angeles City Council that they are considering placing on the ballot a new tax or bond measure to finance the City’s homeless initiatives, now that the $1.2 billion in Measure HHH funds has been fully allocated.
LA WATCHDOG--While it is not easy to say no to State’s nine million public school and higher education students, it is easy to say no to the educational-industrial complex that is expected to spend over $10 million to buy our approval of a ballot measure authorizing the issuance of $15 billion of general obligation bonds.