The report describes how the state’s disjointed approach to financing affordable housing slows development and drives up costs.
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Assemblyman Evan Low Slams Santa Clara County ROV for Flub That Impacted 26 Candidates
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Audit: Alum Rock School District Broke State Law, Local Policy
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Court Draws Scrutiny for Relying on Temps, Commissioners Despite ‘Surplus of Judges’
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State Auditor Calls Worst-Case Scenario ‘Unsupported and Likely Overstated’
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It’s been a while since Mayor Chuck Reed’s opponents won a battle in San Jose’s pension reform war. But a report released Tuesday by the state auditor’s office says that city officials may have played a little too fast and loose when stating the worst-case scenario for San Jose’s unfunded liability for retirement benefits. In the report, State Auditor Elaine Howle writes that a review of the mayor and other councilmembers’ use of the number $650 million, when discussing the city’s potential liability for retiree pensions and health benefits, was “unsupported and likely overstated.”
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