Category: unfunded liabilities

EBC AGENDA: May 25-31 — OAKLAND pension strategy; ACTransit supports unions ahead of SCOTUS ruling

Also: San Leandro's own city manager scandal could be heating up again on Tuesday night.

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 →

Parker backs use of county reserves for stadium infrastructure

Alameda County Supervisor Nate Miley, right,is facing a well-financed challenge from formerOakland mayoral candidate Bryan Parker.ALCO BOARD OF SUPERVISORS | DISTRICT 4 |The Oakland Raiders are about $500 million short when it comes to financing a new stadium in Oakland while Alameda County is sitting on budget reserves of around $1 billion. Alameda County Supervisor … Continue reading Parker backs use of county reserves for stadium infrastructure →

Alameda firefighters’ union boss says mayor, councilmember broke labor laws

Alameda Mayor Trish Spencer and CouncilmemberTony Daysog were accused by the firefighters' unionpresident Tuesday night of breaking labor laws. ALAMEDA CITY COUNCIL | What appeared to be a simple administrative staff request to appropriate $3 million to further seed a city employee pension trust fund negotiated last April has reignited the perennial debate over unfunded liabilities … Continue reading Alameda firefighters’ union boss says mayor, councilmember broke labor laws →

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 →

The Kevins

Were Alameda's elected financial experts correct about the city's unfunded liabilities?ALAMEDA | They share the same name and middle initial. Their surnames sound similar. So, too, has the fiscal advice that each has offered the Alameda City Council over the years.City Treasurer Kevin Kennedy and City Auditor Kevin Kearney—The Kevins, in shorthand—have become Alameda’s version … Continue reading The Kevins →

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 →

City Hall Insider: City Council agenda notes from around the East Bay, June 8-11

ALAMEDA COUNTY/June 9, 9:30 a.m.County eyes $65m deficit; Santa Rita fills its cellsBALANCING THE BUDGET Alameda County Administrator Susan Muranishi will present the board with a budget proposing to balance a $65 million budget shortfall reported last April. While daunting, the gap is the lowest in Alameda County since before the onset of the Great … Continue reading City Hall Insider: City Council agenda notes from around the East Bay, June 8-11 →

Schaaf’s proposed budget includes creation of Department of Transportation

OAKLAND | BUDGET | Mayor Libby Schaaf hopes to close projected $18 million budget shortfalls over the next two years without many cuts to city services and staff, while also beginning to pay down unfunded liabilities.The two-year budget proposal released Thursday by Schaaf’s office also hopes to allocate funding for 40 new police officers next … Continue reading Schaaf’s proposed budget includes creation of Department of Transportation →

‘This is an Act of War’: Hayward Imposes Five Percent Pay Cut on City Workers

Hayward City Manager Fran David, right,is seen by the union as one of the city'shard line advocates for imposition.HAYWARD CITY COUNCIL | LABOR | The city council of Hayward, a city once known as the most union-friendly in the Bay Area, unanimously voted Tuesday night to force pay cuts on nearly three hundred union clerical … Continue reading ‘This is an Act of War’: Hayward Imposes Five Percent Pay Cut on City Workers →

The Skinny: Oakland City Council Committee Preview, Jan. 28, 2014

Oakland City Council Committee Preview1 Frank Ogawa PlazaTuesday, Jan. 28, begins at 9:30 a.m.Hashtag: #oakmtg>>> PUBLIC SAFETY COMMITTEEDAC RETURNS In a committee item likely to attract a great deal of attention from Oakland’s vocal privacy activists, the public safety committee will look to pass to the full council a $1.6 million professional service contract to … Continue reading The Skinny: Oakland City Council Committee Preview, Jan. 28, 2014 →