23
Sat, Nov

Myths About LA’s Public Banks

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.  

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What’s Next for DWP?

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. 

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Labor Peace at the Port, At Least for Now

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. 

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Politics Making Waves at LA’s Ports: Commission Supports Shipping Company in the Face of Union and Political Opposition

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. 

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Underfunded LACERS Paying for President’s Paris Junket

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. 

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Battle Underway at the Port of LA: Driverless Cargo Handlers vs. Jobs

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.   

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CA’s High-Speed Train May Never Leave the Station … Trump Tells Newsom ‘No Más’       

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.

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Is LA Unified Using Our Money to Promote 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.”  

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LA Unified: Lack of Independent Oversight

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.”.  

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Proper Funding a Must for LA’s Dept of Rec and Parks

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. 

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LA Schools $500 Million Parcel Tax: Throwing Good Money After Bad

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. 

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LA’s Rainy-Day Funds Are Disappearing Down the City’s General Fund Drain

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.  

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UTLA’s Hostile Takeover Bid for LAUSD

LA WATCHDOG--United Teachers Los Angeles, the union that represents over 30,000 teachers, is spending millions to seize control of the Los Angeles Unified School District.  If UTLA is successful, the union will use its influence to eviscerate charter and magnet schools, adversely impacting approximately 200,000 students. 

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Political Hijinks, LA Style

LA WATCHDOG--So many shenanigans, so little time.  Here is a brief preview of some of the stunts where the our elected politicians are trying to bamboozle us. And trust me, there are more, starting with the Mayor’s budget proposal that is scheduled to be presented to the City Council on April 22. 

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Wesson to Drop Out of Supervisor’s Race?

LA WATCHDOG--When Los Angeles City Council President Herb Wesson announced in December that he was entering the race to succeed termed out County Supervisor Mark Ridley-Thomas, he was considered to be the “instant front runner” because of his name recognition, political connections, and ability to raise campaign funds, especially from real estate developers and public sector unions. 

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