Los Angeles hopes to involve minority firms in a big way in procurement related to the 2028 Olympics — but there are major hurdles it must first overcome.
Every year, Governing magazine honors outstanding public officials who have made an indelible impact on the lives of the people they serve. This year’s nine honorees from across the nation include one prominent California leader: Marybel Batjer, first-ever secretary of the Government Operations Agency (CalGovOps).
California, which saw its revenues drop 20 percent during the Great Recession, recently started using stress tests. The state Legislative Analyst’s Office now includes estimates of what would happen to the state’s budget under an economic growth scenario and a mild recession scenario.
Late last month, California disclosed for the first time how much its pension system paid private equity managers in performance fees: $3.4 billion over the past 25 years. The fees, which are in addition to typical managerial fees, have come under scrutiny in recent years — and not without reason.
As the economy shifts from one that relies on goods to one that relies on services, states are finding it hard to capture revenue from constantly evolving technologies like cloud computing.
