LA WATCHDOG

LA WATCHDOG - On Wednesday, April 20, Mayor Eric Garcetti will submit his ninth and final budget to the City Council. 

LA WATCHDOG - On Monday, Mayor Eric Garcetti announced that he selected Sergio Perez as the Inspector General of the Department of Water and Power,

LA WATCHDOG - Angels Landing is a proposed $1.6 billion development located at 4^th and Hill Streets in DTLA, next to Angels Flight, the shortest railway in the country. 

LA WATCHDOG - Multiple levels of government, including the City and County of Los Angeles, enacted eviction moratoriums because of the adverse financial impact the pandemic had on the health and incomes of families and their ability to pay their rents on a timely basis. 

LA WATCHDOG - The Department of Water and Power is embarking on an ambitious program (LA100 Renewable Energy Study) to be powered by 100% renewable, carbon free energy by 2035.

LA WATCHDOG - Controller Ron Galperin’s Revenue Forecast Report has both good news and bad news. 

LA WATCHDOG - On Tuesday, the Los Angeles City Council will consider a motion to retain a consultant to assist in the development of a ballot measure to raise $2.1 billion to finance the repair and improvement of our parks that have been neglected by the City over the past three decades. 

LA WATCHDOG - Will throwing good money after bad solve the City’s homeless problem? 

LA WATCHDOG - As part of its plan to deliver reliable and affordable energy to the 200,000 residents of Glendale as well as to its commercial and industrial customers, the Power Division of Glendale Water and Power is proposing to repower its gas fired Grayson Power Plant.

LA WATCHDOG - A relatively unknown developer is proposing to develop a luxury resort in the hills of Benedict Canyon that will be operated by Bvlgari Hotels and Resorts, an affiliate of LVMH, the world’s largest company specializing in luxury goods.

LA WATCHDOG - In its effort to reduce methane emissions from landfills, the State of California (through SB 1383) has mandated that by 2025 the City divert 75% of its organic waste from landfills, currently a major source of this “super polluting” greenhouse gas.

LA WATCHDOG - The City and the State are benefitting from record revenues, but our politicians and their acolytes want to pick our pockets for even more of our hard-earned money through ballot box budgeting tax measures.

LA WATCHDOG - Over the past two months, four men have pleaded guilty to felony charges relating to the Department of Water and Power’s botched rollout of its new Customer Information System (“CIS”) in September of 2103.

LA WATCHDOG - Corruption permeates the City of Los Angeles.

LA WATCHDOG - With so much uncertainty in the world, will the Nury Martinez led City Council and the Mayor (whoever he or she is) be “prudent” in developing next year’s City’s budget?   

LA WATCHDOG - The Second Financial Status Report issued by the City Administrative Officer concluded that the City’s fiscal challenges for 2021-22 are “manageable.”

LA WATCHDOG - On Monday, the United States Attorney’s Office announced that that David Alexander, a former employee of our Department of Water and Power, agreed to plead guilty to one felony charge of making false statements to the FBI. 

LA WATCHDOG - Last week, Mayor Eric Garcetti issued Executive Directive No. 31, Achieving Park Equity, that calls for “improved access to parks for communities with less public green space.” 

LA WATCHDOG - Now that David Wright, the former General Manager of the Department of Water and Power who was summarily fired in July of 2019, has agreed to plead guilty to bribery in connection with DWP awarding in 2017 a $30 million no-bid contract to a newly formed company controlled by New York City lawyer Paul Paradis, many are wondering who will be the next target(s) of the United States Attorney’s Office? 

LA WATCHDOG - The odds that Los Angeles Mayor Eric Garcetti will be America’s next ambassador to India are getting slimmer by the day as new revelations of corruption and sexual harassment surface, leaving many to speculate what else is hiding in the closet. 

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 - In June of 2020, the Los Angeles Unified School District contracted with Menlo Park based SummerBio to perform Covid testing services at a cost of approximately $12 per test.

LA WATCHDOG - The Los Angeles Times recommended that the City Council be enlarged to 31 members, an increase from the current level of 15 elected representatives.

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.