We apologize but this is about as crisp as we can get these images taken from the Godbe Research Report
LGCA Convinces the Town Council to Make a $10.4M ADP- Eventually Saving the Town $18.7 Million
CALPER’s latest actuarial report for the Misc Pension Plan shows remarkable progress in reducing the unfunded pension liability. To refresh your memory as of June 30, 2019 the unfunded pension liability for the Misc Plan was $35.9m and had a … Continued
Cannabis Dispensaries In Los Gatos?
PLEASE NOTE THAT THE LGCA BELIEVES THIS TO BE A SOCIAL DECISION AND WE ARE MORE OF A POLITICAL OPINION SITE BUT WITH A 6 YEAR FOCUS ON TOWN FINANCES. WE DO QUESTION THE TOWN’S MOTIVATION AND THEIR PROJECTED NUMBERS. … Continued
Questions on Measure A – The Finance Commission – for the 11-3-20 Election
Jak Vannada • Los Gatos Main Liza, these are very thoughtful questions and hopefully others who are following this string will get some answers too. Let’s see if I can answer them such that you understand my answer clearly. 1. … Continued
Pension Debt and Annual Costs Are Increasing Again for Los Gatos During the 2020-2021 Fiscal Year!
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
A Deeper Dive Into the Finance Commission Initiative
posted in: Finance Commission, Finance Commission Initiative, Finance Committee, Initiatives - 2020 |
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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
Los Gatos Town Finance Commission Initiative
BE IT ORDAINED by the People of the Town of Los Gatos as follows: Section 1. Title. This measure shall be known and may be referred to as the “Town Finance Commission Initiative.” Section 2. Findings and Declarations. WHEREAS, … Continued
Reply to Leo Cunningham/NextDoor/
5-13-20 Leo, thank you for your comment. You are certainly entitled to your opinions and we are happy to see you post them on this open forum. However, we need to set the record straight and share with the readers … Continued
Council unanimously votes to pay bonuses and give salary increases
posted in: Budget 2020-2021, Finance Committee, Financial Status, Our Town, Salaries and Benefits |
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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
A Letter to the General Plan Advisory Committee 4-23-19
To Members of the General Plan Advisory Committee The issue we have is the same we’ve had for 3 years: a lack of transparency and forthrightness has again been authorized by Staff. Misstated information produces mistaken assumptions, wasting the time … Continued