First Take: Bell pension fallout. Ballot props could mean budget trouble.

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CalPERS officials knew about high salaries in the city of Bell but did nothing to stop them.

The California state controller is now requiring that all cities disclose the amount paid to top city officials in financial disclosure reports.

Shane Goldmacher reports that two measures on the November ballot could blow a new, billion-dollar hole in the state budget.

Los Angeles city pensions could consume one-third of the city’s general fund by 2015.

A judge has changed the official ballot description of a measure that would suspend the state’s greenhouse gas law.

Steve Lopez says its a great summer for ethics watchdogs and newspaper columnists.

-- Anthony York

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