AgdaPkt 2007-06-04 - Laserfiche WebLink

Browse Search

8A Page 6 Bass delivered a presentation on "The State of Black California," a report commissioned by the State Legislature to develop a public policy agenda for the California Legislative Black Caucus and one that local elected and appoin#ed officials can support. The report revealed some sobering statistics on the lack of quality healthcare that African Americans receive; the breakdown of the number of African Americans who are homeowners and the community's civic participation. i ne malonty ieaaer also outimea specmc legislation that members of the Legislative Black Caucus have introduced in response to some of the issues that plague the African American community. One of the caucus' agenda goals is to take action on at least one issue affecting the African American community annually. Examples of these actions could include collaborative efforts on the issues of health and the re-entry into society from the criminal justice system. The next meeting of the African American Caucus will be in September during the League's annual conference. To become a member of the League's African American Caucus, please contact Yvette Harris at (916} 658-8253. For further information on the caucus and its activities call P. Anthony Thomas at (916} 658-8279. Pension Obligation Bond Program Could Save Over $110 Million for Local t3overnments Rising pension costs is an ongoing issue for Local governments. The California Communities Pension Board Program was established to help alleviate the unfounded liability that cities and counties face. The program is projected to save more than $110 million in future pension costs for Califomia local governments. The program offers: ^ Streamlined Band Issuance Process ^ Minimal internal staff requirements ^ A team of experts to handle the details The Pension Obligation Bond Program has refinanced $410 million in CaiPERS unfunded liabilities for 21 ci#ies and two counties since 2004. The expected cumulative savings from the Pensson Bond Program is over $110 million, or $68 million on a present value basis {discounted at the true interest cost for individual transactions). Cities and counties that have issued POBs through California Communities include: Auburn Downey Novato Port Hueneme .Baldwin Park Kings County Oroville Riverside Benicia Marina Pacific Grove San Marino Butte County Merced Palm Springs Seaside Claremont Millbrae Paradise Yuba City Daly City Monterey Park Pinole 6 `African American Caucus' Continued from Page f ...