Tag Archives: CalPERS

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

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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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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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The proposed public safety union contracts

We’re sure that, if anyone heeded the exhortation by Vice Mayor Frank Matarrese to begin studying the proposed new public safety union contracts as soon as they were posted Tuesday afternoon, it was readers of the Merry-Go-Round.  After all, who … Continue reading

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You can’t say that again

The Merry-Go-Round was chagrined that the moderators at the two recent candidate forums didn’t choose to use either of our two lists of “Questions the candidates won’t want to answer.” But we’re not surprised.  And we think it even less … Continue reading

Posted in Alameda Point, Budget, City Council, Development, Firefighters, Housing | Tagged , , , , , , , , , , , , , , , , | 2 Comments