pages: CityCouncil/2007-12-04.pdf, 28
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CityCouncil | 2007-12-04 | 28 | The Finance Director responded $2.2 million is from Alameda Power & Telecom (AP&T) and is scheduled to be repaid in 2009; the remainder is all redevelopment agency loans. Councilmember/Board Member/Commissioner deHaan stated Public Safety equates to approximately 60% of the budget and 30% of the staffing; the out years obligation is concerning; Public Safety retirement funds are escalating. The Finance Director stated the actuarial evaluation was received in October from the Public Employee Retirement System (PERS) ; the City's contribution rate for Public Safety is remaining very close to 30% and is not increasing or decreasing significantly. Mayor/Chair Johnson stated the dollar amount increases because of salary increases. Councilmember/Board Member/Commissioner deHaan inquired whether immediate action is necessary to the extent of hiring freezes, etc. The Finance Director responded department heads have been requested to restrain spending; stated discretionary spending should be postponed. The City Manager/Executive Director stated department heads have been advised that a minimum of 1.5% needs to be saved; the budget is reviewed at weekly meetings; more changes may be necessary mid- year. louncilmember/Board Member/Commissioner deHaan stated that out years are a real concern; different plans will need to be developed; requested elaboration on Proposition 1A. The Finance Director stated the report includes an excellent description of Proposition 1A; the Governor has to declare that there is a severe State fiscal hardship the State can temporarily suspend Proposition 1A basic protection of property tax; the Legislature has to agree by a two-thirds vote; a separate statute must be adopted that requires the State to repay local governments in three years and can be done only twice in ten years. Councilmember/BoarĂ³ Member/Commissioner deHaan stated he has heard about a 25% cut a 10% cut would be disastrous at a State level. Councilmember/Board Member/Commissioner Gilmore stated one way to build up the General Fund reserves is by having revenues exceed Special Joint Meeting Alameda City Council, Alameda Reuse 14 and Redevelopment Authority and Community Improvement Commission December 4, 2007 | CityCouncil/2007-12-04.pdf |