# LA WATCHDOG ## [ Record Revenues Save LA's Budget](https://www.citywatchla.com/la-watchdog/24448-record-revenues-help-balance-la-s-budget "Record Revenues Save LA's Budget") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) April 28 2022 [ ![](https://www.citywatchla.com/images/stories/Apr-2022/034t.jpg) ](https://www.citywatchla.com/la-watchdog/24448-record-revenues-help-balance-la-s-budget) LA WATCHDOG - In early March, the prospects for the City’s budget for the upcoming fiscal year (2022-23) were not promising. [ Read more … ](https://www.citywatchla.com/la-watchdog/24448-record-revenues-help-balance-la-s-budget) ## [ Magician Garcetti will Need Some Sleight of Hand to Balance LA's New Budget!](https://www.citywatchla.com/la-watchdog/24356-what-stunts-will-garcetti-perform-to-balance-the-budget "Magician Garcetti will Need Some Sleight of Hand to Balance LA's New Budget!") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) April 18 2022 [ ![](https://www.citywatchla.com/images/stories/Apr-2022/031z.png) ](https://www.citywatchla.com/la-watchdog/24356-what-stunts-will-garcetti-perform-to-balance-the-budget) LA WATCHDOG - On Wednesday, April 20, Mayor Eric Garcetti will submit his ninth and final budget to the City Council. [ Read more … ](https://www.citywatchla.com/la-watchdog/24356-what-stunts-will-garcetti-perform-to-balance-the-budget) ## [ Sergio Perez: The Not So Independent DWP Inspector General](https://www.citywatchla.com/la-watchdog/24331-sergio-perez-the-not-so-independent-dwp-inspector-general "Sergio Perez: The Not So Independent DWP Inspector General") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) April 14 2022 [ ![](https://www.citywatchla.com/images/stories/Apr-2022/030u.png) ](https://www.citywatchla.com/la-watchdog/24331-sergio-perez-the-not-so-independent-dwp-inspector-general) LA WATCHDOG - On Monday, Mayor Eric Garcetti announced that he selected Sergio Perez as the Inspector General of the Department of Water and Power, [ Read more … ](https://www.citywatchla.com/la-watchdog/24331-sergio-perez-the-not-so-independent-dwp-inspector-general) ## [ Does Angels Landing Deserve a Handout? Ask Kevin de León](https://www.citywatchla.com/la-watchdog/24309-does-angels-landing-deserve-a-handout-ask-kevin-de-leon "Does Angels Landing Deserve a Handout?  Ask Kevin de León") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) April 11 2022 [ ![](https://www.citywatchla.com/images/stories/Apr-2022/029v.png) ](https://www.citywatchla.com/la-watchdog/24309-does-angels-landing-deserve-a-handout-ask-kevin-de-leon) LA WATCHDOG - Angels Landing is a proposed $1.6 billion development located at 4th and Hill Streets in DTLA, next to Angels Flight, the shortest railway in the country. [ Read more … ](https://www.citywatchla.com/la-watchdog/24309-does-angels-landing-deserve-a-handout-ask-kevin-de-leon) ## [ Who Will Pay for California's Eviction Moratorium?](https://www.citywatchla.com/la-watchdog/24211-who-will-pay-for-the-eviction-moratorium "Who Will Pay for California's Eviction Moratorium?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) March 31 2022 [ ![](https://www.citywatchla.com/images/stories/Mar-2022/026y.png) ](https://www.citywatchla.com/la-watchdog/24211-who-will-pay-for-the-eviction-moratorium) LA WATCHDOG - Multiple levels of government, including the City and County of Los Angeles, enacted eviction moratoriums because of the adverse financial impact the pandemic had on the health and incomes of families and their ability to pay their rents on a timely basis. [ Read more … ](https://www.citywatchla.com/la-watchdog/24211-who-will-pay-for-the-eviction-moratorium) ## [ Clean Energy Costs: Angelenos Will Pay the Price](https://www.citywatchla.com/la-watchdog/24188-clean-energy-costs-angelenos-will-pay-the-price "Clean Energy Costs: Angelenos Will Pay the Price") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) March 28 2022 [ ![](https://www.citywatchla.com/images/stories/Mar-2022/025z4.png) ](https://www.citywatchla.com/la-watchdog/24188-clean-energy-costs-angelenos-will-pay-the-price) LA WATCHDOG - The Department of Water and Power is embarking on an ambitious program (LA100 Renewable Energy Study) to be powered by 100% renewable, carbon free energy by 2035. [ Read more … ](https://www.citywatchla.com/la-watchdog/24188-clean-energy-costs-angelenos-will-pay-the-price) ## [ Trouble Ahead for LA’s Budget](https://www.citywatchla.com/la-watchdog/24094-trouble-ahead-for-la-s-budget "Trouble Ahead for LA’s Budget") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) March 17 2022 [ ![](https://www.citywatchla.com/images/stories/Mar-2022/022w.png) ](https://www.citywatchla.com/la-watchdog/24094-trouble-ahead-for-la-s-budget) LA WATCHDOG - Controller Ron Galperin’s [Revenue Forecast Report](https://lacontroller.org/financial-reports/revenueforecast2022/) has both good news and bad news. [ Read more … ](https://www.citywatchla.com/la-watchdog/24094-trouble-ahead-for-la-s-budget) ## [ Who Will Pay for the Improvements to Our Parks?](https://www.citywatchla.com/la-watchdog/23994-who-will-pay-for-the-improvements-to-our-parks "Who Will Pay for the Improvements to Our Parks?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) March 07 2022 [ ![](https://www.citywatchla.com/images/stories/Mar-2022/019z1.png) ](https://www.citywatchla.com/la-watchdog/23994-who-will-pay-for-the-improvements-to-our-parks) LA WATCHDOG - On Tuesday, the Los Angeles City Council will consider a [motion](https://clkrep.lacity.org/onlinedocs/2021/21-1462_misc_12-8-21.pdf) to retain a consultant to assist in the development of a ballot measure to raise $2.1 billion to finance the repair and improvement of our parks that have been neglected by the City over the past three decades. [ Read more … ](https://www.citywatchla.com/la-watchdog/23994-who-will-pay-for-the-improvements-to-our-parks) ## [ The $800 Million Homeless Flip Tax: Good Money After Bad](https://www.citywatchla.com/la-watchdog/23931-the-800-million-homeless-flip-tax-good-money-after-bad "The $800 Million Homeless Flip Tax: Good Money After Bad") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) February 24 2022 [ ![](https://www.citywatchla.com/images/stories/Feb-2022/016z3.png) ](https://www.citywatchla.com/la-watchdog/23931-the-800-million-homeless-flip-tax-good-money-after-bad) LA WATCHDOG - Will throwing good money after bad solve the City’s homeless problem? [ Read more … ](https://www.citywatchla.com/la-watchdog/23931-the-800-million-homeless-flip-tax-good-money-after-bad) ## [ Blasphemy: Glendale Power Prioritizes Reliability](https://www.citywatchla.com/la-watchdog/23783-blasphemy-glendale-power-prioritizes-reliability "Blasphemy: Glendale Power Prioritizes Reliability") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) February 07 2022 [ ![](https://www.citywatchla.com/images/stories/Feb-2022/011w.png) ](https://www.citywatchla.com/la-watchdog/23783-blasphemy-glendale-power-prioritizes-reliability) LA WATCHDOG **-** As part of its plan to deliver reliable and affordable energy to the 200,000 residents of Glendale as well as to its commercial and industrial customers, the Power Division of Glendale Water and Power is proposing to repower its gas fired Grayson Power Plant. [ Read more … ](https://www.citywatchla.com/la-watchdog/23783-blasphemy-glendale-power-prioritizes-reliability) ## [ Bvlgari Resort Los Angeles: Big Hat, No Cattle](https://www.citywatchla.com/la-watchdog/23688-bvlgari-resort-los-angeles-big-hat-no-cattle "Bvlgari Resort Los Angeles: Big Hat, No Cattle") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) January 27 2022 [ ![](https://www.citywatchla.com/images/stories/Jan-2022/008z4.png) ](https://www.citywatchla.com/la-watchdog/23688-bvlgari-resort-los-angeles-big-hat-no-cattle) LA WATCHDOG - A relatively unknown developer is proposing to develop a luxury resort in the hills of Benedict Canyon that will be operated by Bvlgari Hotels and Resorts, an affiliate of LVMH, the world’s largest company specializing in luxury goods. [ Read more … ](https://www.citywatchla.com/la-watchdog/23688-bvlgari-resort-los-angeles-big-hat-no-cattle) ## [ Trash Fees to Increase by Estimated $100 a Year](https://www.citywatchla.com/la-watchdog/23648-trash-fees-to-increase-by-estimated-100-a-year "Trash Fees to Increase by Estimated $100 a Year") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) January 24 2022 [ ![](https://www.citywatchla.com/images/stories/Jan-2022/007z3.png) ](https://www.citywatchla.com/la-watchdog/23648-trash-fees-to-increase-by-estimated-100-a-year) [ Read more … ](https://www.citywatchla.com/la-watchdog/23648-trash-fees-to-increase-by-estimated-100-a-year) ## [ Killing the Golden Goose](https://www.citywatchla.com/la-watchdog/23616-killing-the-golden-goose "Killing the Golden Goose") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) January 20 2022 [ ![](https://www.citywatchla.com/images/stories/Jan-2022/006z5.png) ](https://www.citywatchla.com/la-watchdog/23616-killing-the-golden-goose) LA WATCHDOG - The City and the State are benefitting from record revenues, but our politicians and their acolytes want to pick our pockets for even more of our hard-earned money through ballot box budgeting tax measures. [ Read more … ](https://www.citywatchla.com/la-watchdog/23616-killing-the-golden-goose) ## [ The DWP Fiasco: City’s Greed Backfires](https://www.citywatchla.com/la-watchdog/23560-the-dwp-fiasco-city-s-greed-backfires "The DWP Fiasco: City’s Greed Backfires") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) January 13 2022 [ ![](https://www.citywatchla.com/images/stories/Jan-2022/004z2.png) ](https://www.citywatchla.com/la-watchdog/23560-the-dwp-fiasco-city-s-greed-backfires) LA WATCHDOG - Over the past two months, four men have pleaded guilty to felony charges relating to the Department of Water and Power’s botched rollout of its new Customer Information System (“CIS”) in September of 2103. [ Read more … ](https://www.citywatchla.com/la-watchdog/23560-the-dwp-fiasco-city-s-greed-backfires) ## [ Shocked, Shocked to Find Corruption in LA](https://www.citywatchla.com/la-watchdog/23524-shocked-shocked-to-find-corruption-in-la "Shocked, Shocked to Find Corruption in LA") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) January 10 2022 [ ![](https://www.citywatchla.com/images/stories/Jan-2022/003z2.png) ](https://www.citywatchla.com/la-watchdog/23524-shocked-shocked-to-find-corruption-in-la) LA WATCHDOG - Corruption permeates the City of Los Angeles. [ Read more … ](https://www.citywatchla.com/la-watchdog/23524-shocked-shocked-to-find-corruption-in-la) ## [ 2022: Major Storm Warnings for LA's Financial Forecast!](https://www.citywatchla.com/la-watchdog/23428-2022-major-storm-warnings-for-la-s-financial-forecast "2022: Major Storm Warnings for LA's Financial Forecast!") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 30 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/140j.png) ](https://www.citywatchla.com/la-watchdog/23428-2022-major-storm-warnings-for-la-s-financial-forecast) LA WATCHDOG - With so much uncertainty in the world, will the Nury Martinez led City Council and the Mayor (whoever he or she is) be “prudent” in developing next year’s City’s budget? [ Read more … ](https://www.citywatchla.com/la-watchdog/23428-2022-major-storm-warnings-for-la-s-financial-forecast) ## [ LA’s Budget “Manageable,” at Least for Now](https://www.citywatchla.com/la-watchdog/23365-la-s-budget-manageable-at-least-for-now "LA’s Budget “Manageable,” at Least for Now") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 20 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/101z2.png) ](https://www.citywatchla.com/la-watchdog/23365-la-s-budget-manageable-at-least-for-now) LA WATCHDOG - The [Second Financial Status Report](https://clkrep.lacity.org/onlinedocs/2021/21-0600-S110_rpt_cao_12-02-21.pdf) issued by the City Administrative Officer concluded that the City’s fiscal challenges for 2021-22 are “manageable.” [ Read more … ](https://www.citywatchla.com/la-watchdog/23365-la-s-budget-manageable-at-least-for-now) ## [ Will LA's Ratepayers Ever Trust the DWP Again?](https://www.citywatchla.com/la-watchdog/23332-will-la-s-ratepayers-ever-trust-the-dwp-again "Will LA's Ratepayers Ever Trust the DWP Again?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 16 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/100z3.png) ](https://www.citywatchla.com/la-watchdog/23332-will-la-s-ratepayers-ever-trust-the-dwp-again) LA WATCHDOG - On Monday, the United States Attorney’s Office announced that that David Alexander, a former employee of our Department of Water and Power, agreed to plead guilty to one felony charge of making false statements to the FBI. [ Read more … ](https://www.citywatchla.com/la-watchdog/23332-will-la-s-ratepayers-ever-trust-the-dwp-again) ## [ Restore LA Rec & Parks Funding](https://www.citywatchla.com/la-watchdog/23307-restore-la-rec-parks-funding "Restore LA Rec & Parks Funding") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 13 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/099z7.png) ](https://www.citywatchla.com/la-watchdog/23307-restore-la-rec-parks-funding) LA WATCHDOG - Last week, Mayor Eric Garcetti issued [Executive Directive No. 31](https://www.lamayor.org/sites/g/files/wph1781/files/page/file/ED%2031.pdf), Achieving Park Equity, that calls for “improved access to parks for communities with less public green space.” [ Read more … ](https://www.citywatchla.com/la-watchdog/23307-restore-la-rec-parks-funding) ## [ DWP Bribery Scandal: Who’s Next?](https://www.citywatchla.com/la-watchdog/23275-dwp-bribery-scandal-who-s-next "DWP Bribery Scandal: Who’s Next?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 09 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/098z11.png) ](https://www.citywatchla.com/la-watchdog/23275-dwp-bribery-scandal-who-s-next) LA WATCHDOG - Now that David Wright, the former General Manager of the Department of Water and Power who was summarily fired in July of 2019, has agreed to plead guilty to bribery in connection with DWP awarding in 2017 a $30 million no-bid contract to a newly formed company controlled by New York City lawyer Paul Paradis, many are wondering who will be the next target(s) of the United States Attorney’s Office? [ Read more … ](https://www.citywatchla.com/la-watchdog/23275-dwp-bribery-scandal-who-s-next) ## [ DWP Bribery Scandal May Tank Garcetti’s Ambassadorship](https://www.citywatchla.com/la-watchdog/23237-dwp-bribery-scandal-may-tank-garcetti-s-ambassadorship "DWP Bribery Scandal May Tank Garcetti’s Ambassadorship") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) December 06 2021 [ ![](https://www.citywatchla.com/images/stories/Dec-2021/097z3.png) ](https://www.citywatchla.com/la-watchdog/23237-dwp-bribery-scandal-may-tank-garcetti-s-ambassadorship) LA WATCHDOG - The odds that Los Angeles Mayor Eric Garcetti will be America’s next ambassador to India are getting slimmer by the day as new revelations of corruption and sexual harassment surface, leaving many to speculate what else is hiding in the closet. [ Read more … ](https://www.citywatchla.com/la-watchdog/23237-dwp-bribery-scandal-may-tank-garcetti-s-ambassadorship) ## [ LAPD Funding: Can LA Increase Budget When Facing a Deficit?](https://www.citywatchla.com/la-watchdog/23176-lapd-funding-can-la-increase-budget-when-facing-a-deficit "LAPD Funding:  Can LA Increase Budget When Facing a Deficit?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 29 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/095z4.png) ](https://www.citywatchla.com/la-watchdog/23176-lapd-funding-can-la-increase-budget-when-facing-a-deficit) LA WATCHDOG - The Los Angeles Police Department is requesting a 12% increase in its budget for the upcoming fiscal year that begins on July 1, 2022. [ Read more … ](https://www.citywatchla.com/la-watchdog/23176-lapd-funding-can-la-increase-budget-when-facing-a-deficit) ## [ LA’s Fire & Police Pension Plans Fully Funded, Finally!](https://www.citywatchla.com/la-watchdog/23088-great-news-la-s-fire-police-pension-plans-fully-funded "LA’s Fire & Police Pension Plans Fully Funded, Finally!") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 18 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/092z3.png) ](https://www.citywatchla.com/la-watchdog/23088-great-news-la-s-fire-police-pension-plans-fully-funded) LA WATCHDOG - As a result of a return of over 32% on its investment portfolio, the Los Angeles Fire and Police Pension Plans (“LAFPP”) are 109% funded as of June 30, 2021, resulting in a surplus of $2.5 billion based on the market value of its investments. [ Read more … ](https://www.citywatchla.com/la-watchdog/23088-great-news-la-s-fire-police-pension-plans-fully-funded) ## [ Why Isn’t California Following LAUSD’s Money Saving Program on Covid Testing?](https://www.citywatchla.com/la-watchdog/23030-why-isn-t-california-following-lausd-s-money-saving-program-on-covid-testing "Why Isn’t California Following LAUSD’s Money Saving Program on Covid Testing?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 11 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/090z6.png) ](https://www.citywatchla.com/la-watchdog/23030-why-isn-t-california-following-lausd-s-money-saving-program-on-covid-testing) LA WATCHDOG - In June of 2020, the Los Angeles Unified School District contracted with Menlo Park based [SummerBio](https://www.summer.bio/) to perform Covid testing services at a cost of approximately $12 per test. [ Read more … ](https://www.citywatchla.com/la-watchdog/23030-why-isn-t-california-following-lausd-s-money-saving-program-on-covid-testing) ## [ Expand the City Council ](https://www.citywatchla.com/la-watchdog/22997-expand-the-city-council "Expand the City Council   ") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 08 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/089z8.png) ](https://www.citywatchla.com/la-watchdog/22997-expand-the-city-council) LA WATCHDOG - The [Los Angeles Times](https://www.latimes.com/opinion/story/2021-11-07/expand-la-city-council) recommended that the City Council be enlarged to 31 members, an increase from the current level of 15 elected representatives. [ Read more … ](https://www.citywatchla.com/la-watchdog/22997-expand-the-city-council) ## [ LACERS: Great Returns, but Still Billions in the Red](https://www.citywatchla.com/la-watchdog/22971-lacers-great-returns-but-still-billions-in-the-red "LACERS: Great Returns, but Still Billions in the Red") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 04 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/088z4.png) ](https://www.citywatchla.com/la-watchdog/22971-lacers-great-returns-but-still-billions-in-the-red) LA WATCHDOG - The Los Angeles City Employees’ Retirement System (commonly known as “LACERS”) had a 29% return on its investment portfolio for the fiscal year ending June 30, 2021. [ Read more … ](https://www.citywatchla.com/la-watchdog/22971-lacers-great-returns-but-still-billions-in-the-red) ## [ No Wonder Angelenos Do Not Trust LA’s Corrupt City Council](https://www.citywatchla.com/la-watchdog/22937-no-wonder-angelenos-do-not-trust-la-s-corrupt-city-council "No Wonder Angelenos Do Not Trust LA’s Corrupt City Council") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) November 01 2021 [ ![](https://www.citywatchla.com/images/stories/Nov-2021/087z3.png) ](https://www.citywatchla.com/la-watchdog/22937-no-wonder-angelenos-do-not-trust-la-s-corrupt-city-council) [ Read more … ](https://www.citywatchla.com/la-watchdog/22937-no-wonder-angelenos-do-not-trust-la-s-corrupt-city-council) ## [ Is the Zoo a Priority for the City?](https://www.citywatchla.com/la-watchdog/22904-is-the-zoo-a-priority-for-the-city "Is the Zoo a Priority for the City?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) October 28 2021 [ ![](https://www.citywatchla.com/images/stories/Oct-2021/086z3.png) ](https://www.citywatchla.com/la-watchdog/22904-is-the-zoo-a-priority-for-the-city) LA WATCHDOG - The Los Angeles Zoo is asking the City Council to approve its $650 million Vision Plan that will “transform the Zoo into the environmentally sustainable, world-class destination and wildlife conservation center that Los Angeles deserves.” [ Read more … ](https://www.citywatchla.com/la-watchdog/22904-is-the-zoo-a-priority-for-the-city) ## [ Lunar Cratered Streets Paid for Budget Busting Union Raises ](https://www.citywatchla.com/la-watchdog/22848-lunar-cratered-streets-paid-for-budget-busting-union-raises "Lunar Cratered Streets Paid for Budget Busting Union Raises ") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) October 21 2021 [ ![](https://www.citywatchla.com/images/stories/Oct-2021/084z11.png) ](https://www.citywatchla.com/la-watchdog/22848-lunar-cratered-streets-paid-for-budget-busting-union-raises) LA WATCHDOG - The City of Los Angeles is considering a number of large infrastructure projects that will result in significant tax increases if approved by the voters. [ Read more … ](https://www.citywatchla.com/la-watchdog/22848-lunar-cratered-streets-paid-for-budget-busting-union-raises) ## [ Does LA Need A New City-Owned Public Bank of Los Angeles?](https://www.citywatchla.com/la-watchdog/22756-does-la-need-a-new-city-owned-public-bank-of-los-angeles "Does LA Need A New City-Owned Public Bank of Los Angeles?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) October 07 2021 [ ![](https://www.citywatchla.com/images/stories/Oct-2021/080z3.png) ](https://www.citywatchla.com/la-watchdog/22756-does-la-need-a-new-city-owned-public-bank-of-los-angeles) LA WATCHDOG - Public banking advocates are on a roll. [ Read more … ](https://www.citywatchla.com/la-watchdog/22756-does-la-need-a-new-city-owned-public-bank-of-los-angeles) ## [ Blockbuster Investment Returns Could Eliminate Underfunded LA Pension Liability! Will City Hall Do the Right Thing?](https://www.citywatchla.com/la-watchdog/22719-blockbuster-investment-returns-may-eliminate-underfunded-la-pension-liability-but-what-s-next "Blockbuster Investment Returns Could Eliminate Underfunded LA Pension Liability! Will City Hall Do the Right Thing?") Details Jack Humphreville [LA WATCHDOG](https://www.citywatchla.com/la-watchdog) October 04 2021 [ ![](https://www.citywatchla.com/images/stories/Oct-2021/079v.png) ](https://www.citywatchla.com/la-watchdog/22719-blockbuster-investment-returns-may-eliminate-underfunded-la-pension-liability-but-what-s-next) LA WATCHDOG - The City’s two underfunded pension plans, the Los Angeles City Employees’ Retirement System and the Los Angeles Fire and Police Pensions, may no longer be underfunded as a result of blockbuster returns on their investment portfolios for the fiscal year that ended on June 30, 2021. 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