Hayward Budget Report Tamps Down Exuberance After $4.8M in New Revenue

HAYWARD CITY COUNCIL | Hayward is forecasting a significant bump in revenue in a mid-year budget adjustment report to be presented to the City Council this Tuesday. On the heels of increased real estate activity in Hayward, the city’s finance director expects $4.8 million in additional revenue this fiscal year. The report, however, attempts to … Continue reading Hayward Budget Report Tamps Down Exuberance After $4.8M in New Revenue

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

Hayward Erases Much Of Its Budget Deficit With Help From City Employees

HAYWARD//CITY COUNCILMay 15, 2012 | Hayward’s $14 million budget shortfall became much more manageable last week after its city employees agreed to salary cuts that will lower the funding gap to $4.5 million. The City Council will discuss erasing the remaining amount through additional fees and further cuts.City Manager Fran David called the sometimes contentious … Continue reading Hayward Erases Much Of Its Budget Deficit With Help From City Employees

Hayward Looking At $14 Million Budget Shortfall This June

HAYWARD | Mar. 7, 2012 | "Thanks, I guess," Hayward Councilwoman Barbara Halliday drolly said Tuesday night as the city's finance director again forecasted a budget shortfall of nearly $14 million for the next fiscal year.The grim news follows a steep round of cuts last year to employee wages and benefits used to shore up a $20 … Continue reading Hayward Looking At $14 Million Budget Shortfall This June

Hayward City Manager Is Setting A Trap For City Union Employees

ANALYSISOct. 18, 2011 | Hayward's Finance Director Tracy Vesely does what she is told. She is a good worker. After performing the same job in San Leandro for just over seven months last year, she competently guided the city to a balance budget featuring few stomach-churning decisions to contemplate. Unlike other neighboring cities, San Leandro had already made the … Continue reading Hayward City Manager Is Setting A Trap For City Union Employees

Hayward Continues to Feel Effects of Poor Economy; Forecasts $14m Deficit Next Year

HAYWARD | Oct. 17, 2011 | Hayward is looking at the possibility of again trying to shave away a multi-million dollar budget shortfall next year "if we do nothing," said the city's finance director.The city, like nearly all municipalities in Alameda County, have cut millions from fiscal budgets over the past few years in the midst of … Continue reading Hayward Continues to Feel Effects of Poor Economy; Forecasts $14m Deficit Next Year

Instability in San Leandro Grows as Finance Director Resigns

VESELY SPENDS JUST SEVEN MONTHS AS SAN LEANDRO FINANCE DIRECTOR; ACCEPTS JOB WITH HAYWARDBy Steven Tavaressteven.tavares@eastbaycitizen.comFollow @eastbaycitizen on twitterSan Leandro Finance Director Tracy Vesely is resigning from her position for a similar job opportunity with the City of Hayward, The Citizen has learned.Vesely tendered her resignation Thursday before notifying members of her department of her … Continue reading Instability in San Leandro Grows as Finance Director Resigns

San Leandro Approves Balanced Budget With Very Little Leeway

$128 MILLION BUDGET BUOYED BY SALES TAX INCREASE COULD 'TIP OUT OF BALANCE EASILY' SAYS DIRECTORBy Steven Tavaressteven.tavares@eastbaycitizen.comFollow @eastbaycitizen on twitterSan Leandro will operate without the use of reserves for the first time since the 2006-07 fiscal budget, said Finance Director Tracy Vesely.The state of the city's economy is anything but healthy, though. "It's a … Continue reading San Leandro Approves Balanced Budget With Very Little Leeway

Coming to San Leandro, A Balanced Budget With Few Cuts

$72 MILLION BUDGET BUOYED BY SALES TAX MEASURE; CASSIDY TO TAKE SALARY, PAY MORE FOR HIS PENSIONBy Steven Tavaressteven.tavares@eastbaycitizen.com@eastbaycitizen on twitterSan Leandro is slated to pass its first fiscal budget in four years featuring very few cuts to staff and services, said city officials.Although the city’s budget is bound to be balanced every year according … Continue reading Coming to San Leandro, A Balanced Budget With Few Cuts

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

New Year, New People In Charge of San Leandro

FIVE IMPORTANT NEW FACES WILL NEED TIME TO MESHBy Steven TavaresThese are either times of great upheaval calling for a new stewardship or a confluence of rough economic waters navigated by political novices. Either way, 2011 is shaping up as a year featuring the emergence of five new people in five of the city's most … Continue reading New Year, New People In Charge of San Leandro

Did Former Finance Director’s Projections Shape Last Election?

CONSERVATIVE ESTIMATES MADE CITY FINANCES APPEAR WORSE THAN BELIEVEDBy Steven TavaresBy most accounts, San Leandro's former part-time finance director was affable, capable, if not, conservative in his budget projections for the city. With a new full-time director sorting through her predecessor's work, Perry Carter's analysis is now taking on an alternative reading as his replacement finds … Continue reading Did Former Finance Director’s Projections Shape Last Election?

Mayor Charity

Brother, can you spare Mayor-elect Stephen Cassidy a dime? San Leandro's new top man will not take a salary until June 2011, at the earliest.SAN LEANDRO CITY COUNCIL WILL VOTE NEXT MONTH TO HAVE A MAYOR FOR FREEBy Steven TavaresMayor-elect Stephen Cassidy's bargain basement pledge to run San Leandro for free could come to fruition … Continue reading Mayor Charity

‘A Little Better Than We Expected’

LOW BUDGET FORECASTS AND $1.7 MILLION IN UNEXPECTED REVENUE PERKS UP CITY FINANCIAL OUTLOOKBy Steven TavaresSan Leandro's climb back to financial stability, these days, is measured in hope as much as it is in dollars and cents. The city's new finance director brought a glimmer of cautious cheer to the city's outlook. Conservative budget projections and fortuitous injections … Continue reading ‘A Little Better Than We Expected’

‘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