Aug. 29, 2014

Issue #75

Editor's Note

For a PDF copy of the newsletter please visit the League's website. For more updates from the League, follow us on Twitter and like us on Facebook.

Superior Court Hears Cities’ Challenge to SB 7

On Thursday, Aug. 28, Judge Joel Wohlfeil heard oral argument in San Diego County Superior Court in the constitutional challenge to SB 7, which requires charter cities to pay prevailing wages on city-funded public construction projects. The six cities challenging SB 7 argued that the law violates the constitutional rights of charter cities and is inconsistent with the California Supreme Court’s rulings in State Building & Construction Trades Council v. City of Vista and Sonoma County Organization of Public Employees v. County of Sonoma.

Legal Updates

CalPERS to Open 2014 Board Election Voting, Host Candidate Forum

Election will determine state and public agency representatives in 2015

The California Public Employees’ Retirement System (CalPERS) will open the Board of Administration election for the state and public agency member representative positions on Aug. 29. The new term of office for both positions will begin on Jan. 16, 2015, and run through Jan. 15, 2019.

Elections, Pension Reform

Sacramento Bee Endorses City of Sacramento Finance Director for CalPERS Board

Today the Sacramento Bee published an editorial endorsement for Leyne Milstein, who is running for the CalPERS Board of Administration. The piece, which ran on page A16, is entitled “Leyne Milstein is clearly the best choice for CalPERS board.” Milstein currently serves as president of the League’s Finance Directors Department. If elected to the CalPERS Board of Administration, she would represent approximately thousands of city, county and special district employees who are CalPERS members.

Elections, Pension Reform

Fitch Ratings Warns CalPERS Board Action on Pensionable Compensation is a “Step Backward”

Fitch Ratings, a global credit rating research firm, last week raised questions on whether the CalPERS Board of Administration decision to approve new regulations for special pay categories weakens the sustainability of California’s pension system.  

Pension Reform

Participate in Manage Your Money Week to Promote the Importance of Good Financial Management

The State Controller's Financial Literacy Advisory Committee is looking for partners to promote and participate in Manage Your Money Week (MYMW), Oct. 18-25. The committee is charged with developing strategies to improve financial literacy and is composed of leaders in financial education and asset building in the private and non-profit sector.

Municipal Finance
1400 K Street ■ Sacramento, CA 95814 ■ (916) 658-8200
You can unsubscribe here: