WAV Building subject of article

The WAV Project & 2011 City Council Candidates Forum

CANDIDATES FORUM NOVEMBER COUNCIL ELECTION (MARRIOTT HOTEL – THURSDAY, AUGUST 25, 2011, 6 P.M.) The Political Action Committee (PAC) of the Ventura Chamber of Commerce will present a candidates forum to the citizens of Ventura, at the Marriott Beach Hotel, located at 2055 East Harbor Boulevard, Ventura, commencing at 7 P.M. A City Council election […]

Ventura Police pension mistake

Pension Spiking Approved in Police Retirement Contract

COUNCIL APPROVES PENSION SPIKING [Fleecing Time – Again!] At the Ventura City Council meeting on Monday, May 16, 2011, on a vote of 5 to 2 the Council approved to an employment contract amendment to the Ventura Police Officers Association (VPOA) and Ventura Police Management Association (VPMA) employment contracts.  Mayor Fulton and Councilmen Tracy, Brennan […]

Volunteer fire depertment may help Ventura's pension costs

Time To Consider A Volunteer Fire Department For Ventura

PUBLIC EMPLOYEE PENSION TRANSPARENCY ACT We previously reported that there is a bill is currently pending in Congress (HR567) and the Senate (S347) encouraging governments at all levels to switch from a “defined benefit” plan to a “defined contribution” plan by requiring public entities to reveal to the voters the true magnitude of the unfunded […]

CalPERS costs Ventura piles of cash

CALPERS Increases on City Out of Control

HMS TITANIC [Moving Deck Chairs to Avoid a Disaster over Pensions] The story of the sinking of the HMS Titanic and the causes are known to all.  Had the ship not been traveling too fast, or had the officer on the bridge ordered a change of course earlier the collision with the iceberg  would not […]

2011 Election Results

The 2011 Election Brought Mixed Outcomes for Ventura

THE VENTURA UNIFIED SCHOOL TAX MEASURE [MEASURE H – SOUR GRAPES IN BUNCHES] In the November 2, 2010 election, voters in the City of Ventura were asked by the Ventura Unified School District (VUSD) to approve Measure H, a parcel tax, which if approved, would have imposed a cost of $96 per year per single […]

Parcel tax arguments

What Will The Parcel Tax Do? Both Sides Of The Argument.

THE VENTURA UNIFIED SCHOOL TAX MEASURE [MEASURE H—A PARCEL TAX] On November 2, 2010, voters in the City of Ventura will be asked to approve Measure H.  That measure, adopted by the Ventura Unified School Board, proposes to place a special parcel tax upon each parcel of real property in the City of Ventura.  This […]

Fleecing taxpayers costs Ventura money

A Little Here. A Little There. Pretty Soon It Adds Up To Real Money.

THE  SOUND OF THE BELL [SHEARING TIME?] Three years ago nobody in city government would pay attention to the voices of caution who warned the City Council about the money excessive public employee salaries cost and the unfunded pensions of public employees. Now, thanks to the City of Bell perhaps the citizens of this community […]

Failed Investment, Failed Policies Make Ventura Like Greece

CALIFORNIA: AMERICAN GREECE Tim Cavanaugh of an on-line news company called REASON has written a good analysis of the dilemma facing California. He writes: “What do Europe’s most bankrupt state and America’s most bankrupt united state have in common, aside from being bankrupt? In what is undoubtedly a coincidence , noticed only by free-market fundamentalists, […]

City Council Lacks Financial Literacy

City Council Lacks Expertise On Pension And Budget Matters

THE FIREFIGHERS PENSION INCREASE – A CONTRACT? [ NOT!] In previous editions we informed you that in 2008 the City Council, on a vote of 4 to 3, increased the Firefighters salary and retirement benefits.  They voted to increase those benefits from 2% to 3% even though they knew (were told) they did not have […]

Ventura Budget Lacks Transparency

As Ventura’s Budget Losses Grow, Budget Transparency Is Questioned

VENTURA’S CUPBOARD –IS BARE [THE $15 MILLION PROJECTED BUDGET LOSS] On March 15, 2010 Mayor Fulton invited community leaders to attend a BUDGET WORKSHOP to help decide where to make cuts in the 2010-11 budget to compensate for an $11,000,000 PROJECTED LOSS.   This statement was predicated on an estimate by the City Council that the […]