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Categories: Budget, Finance, Pension

Staff to Pay their Share

From Calpensions.com:

As is common among local government pension systems in California, workers have not been making annual contributions toward their pensions in nearly all of the small cities in San Diego County.

Calpensions goes on to state that staff in the City of La Mesa will begin covering their pension contributions.

Encinitas taxpayers continue to pay a substantial proportion of the "staff's" contribution to the pension system.

Permalink 08/18/09 , by eta Email , Pension,

Encinitas Least Helpful with Pension Info

The NCT reports that Carlsbad has been the most helpful to the SDCTA in their efforts to review pension liabilities. The SDCTA is reported as saying that Encinitas was the least helpful.

Permalink 08/15/09 , by eta Email , Open Government, Pension,

Encinitas Retirement Program Unsustainable

The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue. [Read More].

Permalink 08/10/09 , by eta Email , Pension,

Gov Backs Away from Raid on Cities

UT Governor Backs Down
"So if both parties don't like to borrow from local government, of course we will not borrow from local government. That's clear.”

Permalink 06/13/09 , by eta Email , News, Budget,

Cities Face State Takeaway


SDNN Leaders Gather to Vent
SDNN reports that San Diego councilmember Kevin Faulconer is 99 percent sure the state is going to force cities to loan money to the State. This likely possibility was known to the City of Encinitas when they adopted their budget two weeks ago. The City decided to not plan for this in their budgeting process. Instead, staff made it clear that the city would dip into their rainy day emergency fund when the Governor and state legislators declare a fiscal emergency.

The following is the estimated amount of money local governments will have to loan:

Chula Vista- $4 million

National City- $950,000

Imperial Beach- $344,000

Coronado- $1.65 million

San Diego - $30 to $35 million

Santee - $1.2 million

Lemon Grove - $1.1 million

Del Mar- $400,000

Oceanside - $4.5 million

Carlsbad- $4.5 million

Vista- $1.8 million

Poway - $1.2 million

San Marcos- $1.3 million

County of San Diego - $70 million

The cities not listed have not yet responded.

Encinitas did not respond.

Permalink 06/06/09 , by eta Email , Budget,

News Coverage of the Encinitas Budget

TCN City Reacts to Possible Raid of the City Budget.
Comment: City staff proposed using the city's contingency fund if the State declares a fiscal emergency. Only Councilmember Barth was opposed to adopting a budget document that was incomplete. Staff did not explain why the budget was unfinished. Ironically, staff implied that it would have been very easy to complete the document.

Permalink 05/29/09 , by eta Email , Budget,

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