Category Archives: Pensions

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

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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

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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

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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

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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

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Whom do you trust?

All right, dear readers, the Merry-Go-Round has a question for you: Suppose you wanted an authoritative evaluation of the impact on the City’s financial condition of a proposed deal between the City and its public safety unions that establishes a … Continue reading

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And now for the bottom line

So it’s time to get to the bottom line. In the Merry-Go-Round’s examination of the proposed new public safety union contracts Council is being asked to approve on April 29, we’ve looked separately at the economic terms of the MOUs … Continue reading

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