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

Given Los Gatos’ and Worldwide Economic Circumstances, Is This The Time To Increase Town Expenses By $1,000,000?

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

How Los Gatos Could Better Manage Its Cash, Pave and Repair the Roads, and Paying Down Pension Debt Today!

Date:                     August 5, 2018 To:                         Council Finance Committee From:                    Phil Koen and Jak Vannada Subject:                Response to Staff memo – Review of the Town’s preliminary total … Continued