Category Archives: Pensions

Not enough to go around

So do you want the good news or the bad news first? That’s what we thought. The good news is that, thanks primarily to the sale of three apartment buildings, the General Fund will receive about $4.7 million more in … Continue reading

Posted in Budget, City Council, Firefighters, Pensions | Tagged , , , , , , , , , , , , , , | 15 Comments

The latest financial update

Those Alamedans who weren’t able to stay up after 2 a.m. to catch the end of the live feed, or who later quit watching the video after seven hours, missed what may have been the most significant – and troubling … Continue reading

Posted in Budget, City Council, Pensions | Tagged , , , , , , , , , , , | 2 Comments

Spend away!

Three weeks ago, the Merry-Go-Round reported on City Finance Director Elena Adair’s forecast that, if all of the additional spending proposed for the next two fiscal years were to take place, the “available balance” in the General Fund would drop … Continue reading

Posted in Budget, City Council, Firefighters, Pensions | Tagged , , , , , , , , , , | 3 Comments

There goes the “surplus”!

Wanna see how to make $32 million disappear in just five years? Then you ought to show up Wednesday at Council Chambers for the budget workshop, and City Finance Director Elena Adair will show you how it’s done. Or maybe … Continue reading

Posted in Budget, City Council, Firefighters, Pensions | Tagged , , , , , , , , , , | 2 Comments

Lock it up

If we recall correctly, it was Al Gore who first introduced the concept of a “lock box” into the political lexicon. The idea was to put certain governmental funds beyond the reach of Congress so that the money could be … Continue reading

Posted in Budget, City Council, Pensions | Tagged , , , , , , | 1 Comment

United they stand

Some time very soon – we predict – a flyer will arrive on Alamedans’ doorsteps or in their mailboxes endorsing candidates for Council, Auditor, Treasurer, and School Board. It will be printed on glossy paper.  It will be well-designed and … Continue reading

Posted in Budget, City Council, Firefighters, Pensions | Tagged , , , , , , , , , , , , , , , , , , , , , | 31 Comments

Putting our money where their mouths are

Back in June, gloating over a projected $30.8 million balance in the General Fund as of the end of this fiscal year, Council instructed staff to come up with a list of recommendations about how to “allocate” – i.e., spend … Continue reading

Posted in Budget, City Council, Pensions | Tagged , , , , , , , , , , , , , , | 3 Comments