Sacramento Statehouse Reporter for Bloomberg News. Dad. Fly Fisherman. Photographer. Red Sox fan.

California Senator Seeks to Require Calpers to Divest From Coal

bloomberg.com — The California Public Employees' Retirement System, the biggest public pension in the U.S., would be required to divest its holdings in companies that produce coal under a bill to be introduced by the leader of state Senate. Senate President Pro Tem Kevin de Leon, a Democrat from Los Angeles, will introduce the legislation next month, said his spokesman, Anthony Reyes.

California Says State Law Grants Right to Oversee Bitcoin

bloomberg.com — California officials are considering whether to regulate digital currencies such as bitcoin after concluding they have the authority to do so under existing law.

California Pension Fund Bonus Payouts Climb 14% From Prior Year

bloomberg.com — The $300 billion California Public Employees' Retirement System, the largest U.S. public pension, paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier as earnings exceeded benchmarks. The fund, known as Calpers, paid $8.7 million in bonuses to investment staff in the year ended June 30, and almost $300,000 to four non-investment executives, according to data provided by the system.

University of California Approves 28% Increase in Tuition

bloomberg.com — University of California regents are poised to approve a 28 percent tuition increase over the objections of Governor Jerry Brown and as many as 400 protesters who stormed metal barricades and broke glass outside a meeting in San Francisco.

California Set to Take in $2 Billion More Revenue Than Forecast

bloomberg.com — Higher taxes and an improving economy will boost California's revenue $2 billion above the income Governor Jerry Brown projected in the budget he signed in June, the state's fiscal analyst said. The state's general fund, which pays for most core operations, will reach $107.4 billion in the year ending June 30, compared with $105.5 billion in Brown's budget, the independent Legislative Analyst's Office said yesterday in a report.

University of California Committee Approves Higher Tuition

bloomberg.com — A University of California regents committee approved a 28 percent tuition increase amid protests by as many as 400 people who stormed metal barricades and broke glass at a meeting in San Francisco. The plan, which has yet to go to the full board, would end a three-year tuition freeze at the 10-campus system.

California Set to Get $2 Billion More Revenue Than Forecast

bloomberg.com — California will take in almost $2 billion more in revenue this fiscal year than Governor Jerry Brown projected in the budget signed in June, the state's fiscal analyst said. Revenue for California's general fund, which pays for most core operations, will reach $107.4 billion in the year ending June 30, compared with $105.5 billion in Brown's budget, the independent Legislative Analyst's Office said today in a report.

California’s 28% Tuition Boost Pits Napolitano Against Brown

businessweek.com — A University of California proposal to boost tuition as much as 28 percent pits President Janet Napolitano against Governor Jerry Brown, who says it reneges on a deal to fetter costs in exchange for more state funding.

California’s 28% Tuition Boost Pits Napolitano Against Brown

bloomberg.com — A University of California proposal to boost tuition as much as 28 percent pits President Janet Napolitano against Governor Jerry Brown, who says it reneges on a deal to fetter costs in exchange for more state funding.

California Water Tunnels Could Cost $2.5 Billion Annually

bloomberg.com — A plan to build twin 30-mile long water tunnels in drought-stricken California, each as wide as a two-lane interstate highway, may cost as much as $2.5 billion annually in debt service, Treasurer Bill Lockyer said.
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Dec 17, 2014

RT @CJAtheCIO: The FOMC goes to 'patient' for the 1st rate hike, I was hoping for 'fortitudinous', but Wall St dislikes big words. Re-balance ur 401(k) NOW

Dec 17, 2014

RT @BloombergNRG: New York Health Dept says #fracking isn't safe, ending chances @nygovcuomo will lift 6yr moratorium, @fklopott reports

Dec 16, 2014

RT @ElkGrovePD: Missing 8yo, Torin, located on a Kinder Care bus and is doing well. Elk Grove School Police handling. Thank you for all your help!

Dec 16, 2014

RT @ElkGrovePD: Elk Grove School Police looking for an 8yo boy, Torin, missing since 2:30pm from Arlene Hein School. Blu/wht/grn plaid shirt, grey pants.

Dec 16, 2014

RT @LAO_CA: 11/2014 Fiscal Outlook: #Prop2 can be major source for funding #CABudget $72 billion retiree health liability. lao.ca.gov/reports/2014/b…

Dec 16, 2014

Is there a business class while waiting in Bay Bridge traffic? MTC Official's travel costs raises ire. bloomberg.com/news/2014-12-1…

Dec 16, 2014

RT @alisonvekshin: San Francisco official spends $13,000 in taxpayer funds on flight to Sydney: bloom.bg/130j46U via @business

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