By Josh Altic
The Pension Hotspots Report is a monthly publication about local pension reform efforts.
The November edition of the Pension Hotspots report will provide a post-election review of the election results for the three pension reform measures decided on in the November 5 election as well as the reactions from advocates and opponents. The key November 5 pension reform measure to watch was Issue 4 in Cincinnati. This measure was overwhelmingly rejected by voters. See below for an explanation of this failure at the ballot box from Chris Littleton, campaign manager for the committee behind Issue 4.
The appellate court decision in the CalPERS v. San Bernardino lawsuit regarding the cities recent bankruptcy is also covered by this edition. The November Hotspots report also provides a summary of the new report by the California Public Policy Center on the unfunded liabilities of the California State Teachers Retirement System and its struggles with catch-up payments and lower investment returns.
- See also: School bond and tax elections in Ohio
Ohio is one of a handful of states that expresses its property tax cap limit in the amount of mills using the mill rate formula over an mathematical formula. Ohio has a ten mill limit that is protected by the Ohio Constitution since 1953. Also, Ohio requires approval for any new bonding by the Ohio School Facilities Commission. Ohio uses an adjusted valuation per-pupil formula to determine which districts should get bonding. Districts with the lowest ratings are given first consideration in the process of getting a bond issue approved.
Supreme Court justices selection changes
Chief Justice Moyer, Ohio State Bar Association and the League of Women Voters all agree that a change is needed in how the Supreme Court justices are selected. On Friday November 20, the three parties agreed to work together to build a coalition that would support a constitutional amendment that would make it so that justices are appointed and stand for a retention election. Currently statewide elections are held to select justices. Moyer believes that there is a perception that campaign contributions influence judicial decisions. The suggested that early next year they would have a plan set out on how to go about these changes.