San Jose Mayor Sam Liccardo released his proposed 2017-18 budget earlier this spring. Now it’s time for residents to give their thoughts.Read More 9
After 11 years of shortfalls and $2 billion of gap-closing, Santa Clara County plans to adopt a budget that maintains services and even restores some debilitating cuts. The Board of Supervisors will spend four days this week hammering out last-minute details of the $4.6 billion 2013-14 budget, which must balance a $67 million shortfall.Read More 0
Unfunded retiree healthcare benefits threaten to take a $1.7 billion bite out of the Santa Clara County budget, a drastic uptick from the $425 million liability seen a decade ago. This and other matters will be on the Board of Supervisors agenda for a three-day budget workshop starting Tuesday next week.Read More 0
UPDATE: The city of San Jose came to an agreement on tier-2 retirement benefits with the POlice Officers Association on Thursday afternoon, avoiding Friday’s arbitration hearing.
San Jose faces a $2.9 billion unfunded liability in pension and retiree healthcare costs. The figure is mind-boggling. The city still has to figure out how to afford those unfunded obligations. But that’s another story for another time. On Friday morning, the public—for the first time—will have a chance to sit in on arbitration hearings that have been held previously behind closed doors, when the city negotiators sits across the table from San Jose’s police union.Read More 6