Tag Archives: CalPERS

Memo to the City Manager (Part I)

Years ago, there was a sports writer named Jimmy Cannon who penned a syndicated column called, “Nobody asked me, but . . .” Today, the Merry-Go-Round begins a series of posts about the major challenges we think new City Manager … Continue reading

Posted in Budget, City Hall, Firefighters | Tagged , , , , , , , , , , , , , , , , , | 4 Comments

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 Hall, 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 Hall, 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 Hall, 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 Hall, Firefighters, Pensions | Tagged , , , , , , , , , , | 2 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 Hall, Pensions | Tagged , , , , , , , , , , , , , , | 3 Comments

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

Posted in Budget, City Hall, Firefighters, Pensions | Tagged , , , , , , , , , , | 5 Comments