The CalPERS Board of Administration on Feb. 14 adopted the staff recommendation to reduce the agency’s amortization policy from 30 years to 20 years for all investment gains and losses.
To ensure that Californians have safe and reliable roads, a coalition formed to campaign for the passage of Proposition 69 on the June ballot and oppose a gas tax repeal initiative that could head to the November 2018 ballot.
The State Controller’s update includes a section on what types of expenditures are allowed for the new Road Maintenance and Rehabilitation Account created in SB 1.
Complimentary Informational Webinars Scheduled for this Week and Next
U.S. Communities, the League-sponsored government purchasing alliance, has announced two new U.S. Communities contracts. McKinstry and Trane has been awarded a contract for energy savings performance services. Graybar has been awarded a contract for electrical, lighting, data communication and security.
The League of California Cities® has only 55 spots available for the Public Works Officers Institute & Expo, scheduled on March 28–30 in Monterey. The registration deadline is Tuesday, Feb. 27. Seats are being filled on a first-come, first-served basis.
The Legislature will host a number of oversight and informational hearings on a variety of policy areas of interest to cities in the coming weeks. The number of legislative hearings will expand as the bill introduction deadline of Feb. 16 approaches.
