Hayward City Council ‘bummed’ by ballooning budget deficit

Hayward's proposed budget includes adding6.6 full-time employees for staffing the newdowntown library.HAYWARD CITY COUNCILHayward City Manager Kelly McAdoo didn’t want the City Council to ask many questions Tuesday night after they learned about the fiscal health of the city. Save it for when the council meets for an in-depth discussion on May 20, she urged. … Continue reading Hayward City Council ‘bummed’ by ballooning budget deficit

Kaplan to CalPERS: Divest from Dakota and Keystone XL pipelines

Oakland Councilmember Rebecca Kaplanat Standing Rock in late November.OAKLAND CITY COUNCILLast November, Oakland Councilmember Rebecca Kaplan braved blisteringly cold weather to protest the controversial Dakota Access Pipeline. The project along with the Keystone XL pipeline, another project strongly opposed by environmentalists, was subsequently blocked by President Obama, only to be set back in motion Tuesday … Continue reading Kaplan to CalPERS: Divest from Dakota and Keystone XL pipelines

Acrimonious standoff between Hayward and city employees reaches a conclusion

Hayward city employees during a three-daystrike in August 2013.Union members get 4.5% wage bump over 3 yearsHAYWARD CITY COUNCIL | Following a protracted labor dispute between the City of Hayward and over 300 of its employees that included a unilateral five percent wage decrease last year, both sides are set to agree Tuesday night on … Continue reading Acrimonious standoff between Hayward and city employees reaches a conclusion

AGENDA NOTES: Oakland’s DAC Privacy Policy comes to Public Safety Committee

Oakland City Council Committee Meetings1 Frank Ogawa Plaza, City Hall, first floorTuesday, May 12, 2015, start at 9:30 a.m.[FULL AGENDA HERE]Twitter hashtag: #oakmtgFINANCE & MANAGEMENT Oakland plans to borrow $170 million with Tax and Revenue Anticipation Notes to create cash flow over the next year. The Finance Committee will discuss the proposal to allocate $85 … Continue reading AGENDA NOTES: Oakland’s DAC Privacy Policy comes to Public Safety Committee

Hayashi on State Pensions: ‘There is no Problem’; Faults Banks for Budget Mess

Former Assemblymember Mary Hayashi speaking at a candidate's forum for the 10th State Senate District Wednesday evening at the Fremont City Council chambers. PHOTO/Steve Tavares STATE SENATE | 10TH DISTRICT | State Senate candidate Mary Hayashi said talk of California’s demise through unfunded public employee pension liabilities is unfounded. “There is no problem,” Hayashi said of … Continue reading Hayashi on State Pensions: ‘There is no Problem’; Faults Banks for Budget Mess

Hayward Poker Club Gets Approval For Expansion; Mayor Disagrees

The Palace on Mission Boulevard.HAYWARD CITY COUNCIL | The Palace Poker Casino has called Hayward home for nearly 60 years. Its current location at the end of Mission Boulevard near the bustling Jackson Street is too small for the cadre of high-stakes poker players who flock to the card club, its owners say.On Tuesday, the … Continue reading Hayward Poker Club Gets Approval For Expansion; Mayor Disagrees

Assemblymember Bonta and Speaker Pérez to Investigate CalPERS Additional Pay for Managers

ASSEMBLY |Assembly Speaker John A. Pérez and local Assembly member Rob Bonta released a joint press release Thursday detailing their concern over CalPERS officials receiving additional wages that both Bonta and Pérez said are potentially outside of state personnel policy. It was recently reported that CalPERS officials who were not eligible for overtime pay were … Continue reading Assemblymember Bonta and Speaker Pérez to Investigate CalPERS Additional Pay for Managers

San Leandro Aiming to Refinance Its Public Employee Pension Obligations

Sept. 18, 2011 | While cities in Alameda County with less union legacies push to reduce obligations to public employee pensions by asking employees to pay more toward its costs, such a tactic is failing to gain traction in San Leandro and leading to somewhat creative ways to save money.The San Leandro City Council Monday will discuss … Continue reading San Leandro Aiming to Refinance Its Public Employee Pension Obligations

Hayward Balances Budget With $8 Million in Labor Concessions

2012 FISCAL BUDGET SHORTFALL OF $20 MILLION SHORED UP WITH SOME UNIONS GIVING 13% BACKBy Steven Tavaressteven.tavares@eastbaycitizen.comFollow @eastbaycitizen.comHAYWARD - In the end 13 turned out to be not so unlucky a number for Hayward's 2012 fiscal budget unanimously approved Tuesday night. With the self-proclaimed "Heart of the Bay" in need of a coronary bypass in … Continue reading Hayward Balances Budget With $8 Million in Labor Concessions

Cassidy’s Call For Sacrifice Does Not Jibe With His Reality

BREAKING THE UNION ONE BACK AT A TIME, BUT HOW DO YOU ATTRACT BUSINESS IF YOU SAY THE CITY IS NEAR BANKRUPTCY?By Steven Tavaressteven.tavares@eastbaycitizen.comFollow @eastbaycitizen on twitterAs far as ruses go, San Leandro Mayor Stephen Cassidy’s ploy to bolster his sacrifice to the city’s budget perceived woes is one for the record books. Cassidy famously … Continue reading Cassidy’s Call For Sacrifice Does Not Jibe With His Reality

Expert Tells San Leandro To Lower Its Debt Burden To CalPERS

CONSULTANT: ‘PAY THAT OFF AS SOON AS POSSIBLE’ OR RISK HIGHER DEBTBy Steven TavaresAn actuarial expert told the San Leandro City Council the best way to handle its rising obligations to employee pensions is to pay now or roll the dice in hopes of continued recovery by equity funds largely tied to the performance of its … Continue reading Expert Tells San Leandro To Lower Its Debt Burden To CalPERS

Cleantech’s Future Resides in California, Flourishes in Bay Area Cities

REPORT LAUDS STATE'S ACTIONS SO FAR, BUT WORRIES ABOUT CHINESE, EUROPEAN AGGRESSIVENESSBy Steven TavaresFremont cleantech firm Solyndra.A report from the Bay Area Council Economic Institute says California's has a unique opportunity to enhance its international and economic standing in clean technologies, but cautions against the aggressiveness of policymakers in China and Europe within a global context.The report … Continue reading Cleantech’s Future Resides in California, Flourishes in Bay Area Cities

‘Significant’ Increase to Pensions Funds Coming to San Leandro in ’11

ADDITIONAL $850,000 NEEDED FROM GENERAL FUND IN 2011San Leandro Finance Director Tracy Vesely warned city officials Wednesday to expect to pay way more for its employee pension funds next year.In an email to officials, she said payments for the 2011-12 fiscal year to California Public Employees' Retirement System (CalPERS) will represent a 4 percent increase over the current year. … Continue reading ‘Significant’ Increase to Pensions Funds Coming to San Leandro in ’11

Pension Reform Gains Steam

The California Public Employees' Retirement System decided Wednesday it is more prudent to pay now rather than later. The $600 million increase in contributions by the state to the hemorrhaging pension fund was approved yesterday after State Treasurer Bill Lockyer switched course. In May, he questioned its prudence last month amid a skyrocketing budget deficit. Lockyer was … Continue reading Pension Reform Gains Steam