While the council hasn’t made a decision one way or another on the issue, it could see the issuance of one of the largest bonds in the city’s recent history.
Tag: pension payments
Posted inEconomy, Fountain Valley, Garden Grove, La Habra, La Palma, Laguna Beach, Placentia, Politics & Elections, Safety, Security & Justice, Santa Ana, Seal Beach, Stanton, Top Stories, Tustin, Westminster
Pension Costs Underlie Tax Increases in Seven OC Cities
Seven OC cities are asking voters for tax increases in November, including increases to sales, business license and hotel bed taxes. Cities say they’re desperate for more revenue as growing pension debt and other factors drive up expenses.
Posted inCountywide, Education, Top Stories
CalPERS: Rancho Santiago Chancellor’s Salary Violates Retirement Laws
Chancellor Raul Rodriguez’s salary “is not in compliance with retirement law,” according to CalPERS spokeswoman Amy Morgan.
Posted inCountywide, Mission Viejo, Norberto Santana, Jr., Safety, Security & Justice
Santana: OC Contract Cities Rebuke County Supervisors Over Spiraling Sheriff Costs
Following significant salary hikes granted by Orange County Supervisors to Sheriff Deputies, fueling a 33 percent increase in costs over the past decade, contract cities are now starting to publicly question whether they need to look into alternatives. OC’s biggest contract city, Mission Viejo, takes leadership on a new audit of Sheriff’s patrol services. Big questions also loom over whether city or county taxpayers own the long-term pension obligations for both Deputy Sheriff’s and Firefighters if cities bolt from current regional policing and fire protection models.
Posted inCountywide, Economy, Education, Top Stories
Controversy Over Rancho Santiago Chancellor’s Ongoing “Relocation Allowance”
The board voted Aug. 14 to amend Rodriguez’s employment contract and defined his existing relocation allowance as part of his salary, raising it from $260,000 to about $290,000 a year.
Posted inCountywide, Santa Ana, Top Stories
Two Years After Budget Crisis, Santa Ana Foresees a Surplus
The city’s once dire financial position has improved so dramatically that city officials are now projecting a $2.6-million surplus by next fiscal year and a $41.7-million general fund reserve the year after that.
Posted inCountywide, Government, Top Stories
Treasurer’s Flip-Flop Creates Havoc on Retirement Board
Shari Freidenrich’s waffling on a vote regarding amortization changes to long-term pension debt has drawn the ire of Republicans and unions.
Posted inGovernment, Investigative, Top Stories
County Budget Balanced but Pension Battle Ahead
Supervisors make it clear that they’ll be tough at the negotiating table with top managers, attorneys and public safety officials.
Posted inCosta Mesa, Countywide, Investigative, Top Stories
Costa Mesa’s Curious Math
Public forum today on the need for budget cuts is likely to draw
questions about the city’s approach to numbers.
Posted inBuena Park, Investigative, Politics & Elections
Pension Payments on Uniforms Don’t Wear Well in Buena Park
Members of Buena Park City Council are incredulous over a demand by CalPERS that the city increase pension payments for uniformed employees.
