The Town just posted the new CALPERs actuarial valuations as of June 30, 2019 and as we suspected they are not pretty. Funded status for both plans decreased. Safety is down to 67.9% and Misc is also down to 71.9%. … Continued
Response to the FY 20/21 budget inquiry last week Inbox x July 14, 2020 to Marcia, msayoc@losgatosca.gov, BSpector, Rob, me, Rick Dear Council Members, Below is my reply to Mr. Conway’s response to my initial email. I understand the Mr. Conway provided you a copy … Continued
The Town’s claim as to a “balanced budget” is misleading and certainly isn’t a complete disclosure as to what has happened. The Town must present a budget, by law, where the operating expenses must be fully funded. There is no … Continued
NOTE: We promised an update to our initial letter regarding the Council’s unanimous response to approve the raise and the bonus. Below is a letter written to the Democracy Tent group that will be discussed in their Zoom meeting … Continued
Dear Honorable Mayor and Council Members, 5-3-20 The undersigned respectfully request that agenda item # 8 be removed from the May 5, 2020 consent calendar. We believe the Town and its residents will benefit greatly from a wholistic and transparent … Continued