San Leandro severs $700,000 investment with Wells Fargo over scandals, pipeline support

SAN LEANDRO CITY COUNCILA rash of banking scandals implicating Wells Fargo, in addition, to its controversial investment in the progressive cause célèbre, the Dakota Access Pipeline, has lead another East Bay city to take steps toward ending its banking relationship with the historic California institution.The San Leandro City Council voted, 6-0, Monday night to divest … Continue reading San Leandro severs $700,000 investment with Wells Fargo over scandals, pipeline support

San Leandro council seeks five-year pension strategy

San Leandro Mayor Pauline Cutters says setting aside $5 million over 5 years for pensions is doable.SAN LEANDRO CITY COUNCIL | Last year, San Leandro's tab for unfunded liabilities over the next 30 years was $158 million. The City Council Monday night moved forward a strategy directing more of its growing revenues over the next five years … Continue reading San Leandro council seeks five-year pension strategy

San Leandro talks of paying down unfunded debt with new revenues

SAN LEANDRO CITY COUNCIL | The uncertain economic times of year’s past appear in the rearviewmirror in San Leandro. “Things are on a significant uptick in San Leandro,” said City Manager Chris Zapata during a budget work session Monday night. The city’s proposed two-year budget estimates a $6 million surplus during the next fiscal year … Continue reading San Leandro talks of paying down unfunded debt with new revenues