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Releases and Articles
PENSION UPDATE: Kern, San Diego, Riverside & Other Counties Join "Billion Dollar Club"
March 8, 2016
The financial carnage continues as more local governments report their Fiscal Year 2015 balance sheets under the new rules, which requires them to account for defined benefit public employee pension "unfunded actuarial acrued liabilities" (UAALs).
BREAKING NEWS: Pension Debt Swamps L.A. County Balance Sheet
March 3, 2016
GASB ("GAZ-bee") and CAFR ("CAF-er") are two of 2016's most important acronyms. That's because the Governmental Accounting Standards Board (GASB) mandated that, beginning this year, governments must report unfunded public employee pension liabilities on their audited balance sheets in their Comprehensive Annual Financial Reports (CAFR).
Senator Moorlach Announces Bill to Make Mental Health Funds More Flexible, Efficient
February 26, 2016
At a news conference today at St. Joseph’s Hospital in Orange, California, State Senator John Moorlach (R-Costa Mesa) announced that he has authored Senate Bill 1273, which will give the County greater flexibility over use of Mental Health Services Act funds.
Pensions drowning California and its cities
January 25, 2016
As the result of years of discussions over how best to account for the growing unfunded liabilities owed by government pensions systems, municipalities for the first time ever must include the unfunded actuarial accrued liability of their defined-benefit pension plans in their annual financial reports.
Statement from Senator Moorlach on Governor's 2016 State of the State Address
January 21, 2016
Senator John Moorlach (R-Costa Mesa) released the following statement today regarding Governor Jerry Brown’s 2016 State of the State address:
Primer for Governor Brown's State of the State
January 20, 2016
Evaluating our state's condition requires checking vital signs and determining where our efforts are needed most. Here are 5 key metrics and resulting questions the Governor should address about the state of our state: For the past 11 years, CEOs have rated CA as the worst state in which to do...
NEW Moorlach Motto's available to download and share!
January 15, 2016
Governor's Budget: Early Battle Lines on Taxes
January 8, 2016
Yesterday, Governor Jerry Brown released his 2016-17 budget proposal to the legislature, and in that budget he anticipates approximately $7.6 billion in new spending over the previous year’s approved budget. The fact that we have increased revenues to the state should be good news for California taxpayers, as the additional funds should take away any pressure to raise taxes. But, that’s not how Sacramento logic works.
6 Key Measures of California's Fiscal Health
January 7, 2016
1. California's Net Financial Position CA’s “net” financial position is a $117 billion deficit, ($3,014 per person) according to the most recent Comprehensive Annual Financial Report (CAFR) . This figure should be positive for healthy organizations. It’s derived by tallying the state government’s...
Audio Clips of Senator Moorlach Responding to the Governor's Renewed Call for Raising Gas Taxes in The 2016/17 Budget
January 7, 2016
Below are audio clips of Senator John Moorlach (R-Costa Mesa) responding to the Governor’s call for higher gas taxes, despite $7 billion in new budget revenues. https://moorlach.cssrc.us/file/160107moorlachbudgetreact1mp3 https://moorlach.cssrc.us/file/160107moorlachbudgetreact3mp3 https://moorlach...
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