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
TOWN ATTORNEY’S IMPARTIAL ANALYSIS OF MEASURE “A” ESTABLISH A TOWN FINANCE COMMISSION Voter approval of Measure “A” would amend the Los Gatos Town Code to disband both the Council Finance Committee and Sales Tax Oversight Committee and establish instead a … 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 Attorney has prepared the following title and summary of the chief purpose and points of the proposed measure: BALLOT TITLE A CITIZEN’S INITIATIVE MEASURE AMENDING THE TOWN CODE TO ESTABLISH A TOWN FINANCE COMMISSION BALLOT SUMMARY The … Continued
The Town Attorney has prepared the following title and summary of the chief purpose and points of the proposed measure: BALLOT TITLE A CITIZEN’S INITIATIVE MEASURE AMENDING THE TOWN CODE TO LIMIT THE TIME A PERSON MAY SERVE ON THE … Continued
Finance Commission Initiative – Measure A No one on the current Los Gatos Council has professional financial training. In the past 20 years, we have only found one who has. There have been several business persons who have served. The … Continued
Do you believe the Los Gatos Town Council could benefit from expert financial and operating advice provided by five highly qualified town residents with significant private sector experience? If your answer is “Yes” then join us in voting Yes on … Continued
Term limits will give Los Gatos voters a real chance for fresh perspectives, new ideas and change. Throughout Santa Clara County and California, voters have overwhelmingly supported term limits for public officials. Without them, over time, incumbents become entrenched politicians … 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