The Benicia City Council will hear an update on California Public Employees’ Retirement System (CalPERS) actuarial issues at Tuesday’s meeting. According to a staff report by Finance Director Cindy Mosser, the city provides retirement benefits for employees through its participation in CalPERS, which allows the city to spend roughly $5.5 million per year to fund […]
Letter: A financial revolt is coming
A financial revolt is coming This is not fiction. This is what this very fine city is facing. I do not ask the residents/voters to believe me. Vice Mayor Young posted an article about this issue on “Benicia Happenings.” Sorry, posting is not the answer. Action is. It is all about the underfunded CalPERS retiree […]
Council presents employee awards, hears financial reports Tuesday
The Benicia City Council presented employee recognition awards at its regularly scheduled meeting Tuesday before commencing with other business, including the formal appointment of new City Manager Lorie Tinfow, who will begin serving the city on April 17. Awards were presented to: Employee of the Year – Danilo Stanovich, Public Works; Rookie of the Year […]
City Council to appoint commission members, city manager tonight
The Benicia City Council will consider approval of six members to boards and commissions and the appointment of Lorie Tinfow to city manager, among other items, at the city council meeting tonight, Tuesday, Feb. 28 at 6 p.m. Additional agenda items include a second reading and adoption of an ordinance to establish speed limits on […]
Officials react to governor’s budget revision
What does ‘May Revise’ portend for Benicia, other California cities? Gov. Jerry Brown has made his annual May adjustments to his proposed budget this week, based on a predicted $2.4-billion increase in state revenues. While Brown, who released the modifications Tuesday, has said the May revision continues to pay down debt and reduce long-term liabilities […]