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Pleasanton ending fiscal year in strong financial shape

Original post made on Jun 20, 2012

Except for a few financial hiccups, the city of Pleasanton will close its fiscal year budget June 30 again in a strong position with the next 12 months projected to be even better.

Read the full story here Web Link posted Wednesday, June 20, 2012, 7:59 AM

Comments (23)

Posted by Mystified, a resident of Del Prado
on Jun 20, 2012 at 8:47 am

What is the unfunded pension liability? I didn't see any discussion of that. This PR blurb is a joke.

Posted by Arnold, a resident of Another Pleasanton neighborhood
on Jun 20, 2012 at 11:10 am

Any discussion that omits unsustainable union-backed activities - in short - unfunded pension and salary liabilities, leaves itself open to a flood of questions. Who is behind the budget projection? Why are they lying the way they do? What politicians need to be swept out of office? Without a pre-flood sweeping, we'll be washed away under a huge deluge of mountainous debt. We have to wake up the populace and pare away at the elite union classes who have hoarded so much money during this Obama-created recession. Here comes the flood!

Posted by William Teller, a resident of Another Pleasanton neighborhood
on Jun 20, 2012 at 2:05 pm

So even with hiring cuts and freezes, we're only $40k to the good? Dint sound too good to me. Bloated personnel and pensions and only one city council person corncerned. Don't bode well for our town.

Posted by local, a resident of Another Pleasanton neighborhood
on Jun 20, 2012 at 3:59 pm

It would have been good to see how the liabilities are tracking (pensions, retiree medical, etc.). Since CalPERS rates will be going up a little because of their changes, not sure if that is in the calculations plus even CalPERS is adding to our pension liability since they are phasing in the increases over time instead of charging what they should be now, plus they are doing their calculations on an assumed rate of return that is less than their own actuarial studies show; indicating they are increasing the liabilities even more.

You can also see that street maintenance is not happening because of the additional employee costs. Drive around town and you will see these temporary patched roads (Valley by Stanley, Vineyard in front of Western Garden Nursery, ...). People need to know that there is a direct correlation between employee costs and services provided. As employee costs go up, like they have, there is less money to provide the services.

Posted by Jim Freeman , a resident of another community
on Jun 20, 2012 at 5:25 pm

This good news is terrible! I blame the unions!!


Posted by Truth, a resident of Another Pleasanton neighborhood
on Jun 20, 2012 at 10:11 pm

Thanks to he PD for stepping up and doing your part...let's make sure we now hold the drones who demanded change to the same standard. They must now deal with the lack of certain services and hiring freezes while shutting their that and your drones got the heroes to pay their own pensions at what cost? Now shut your pie hole and reap the consequences.

Posted by YAT, a resident of Foothill Farms
on Jun 20, 2012 at 11:48 pm

The PD hasn't stepped up unless you consider they'll eventually begin paying a small portion of their check toward their own very generous pension which pays over 98% of salary as early as age 50. And they can also count their uniform allowance as income. They also get paid overtime without working overtime.

These perks are wrong, very costly, unfair, and are driving the push toward increased taxes. The middle class is being strangled by the need to increase taxes to fund unsustainable pensions and retiree medical benefits for fifty something retirees - that are in excess of 100K.

We can't afford to pay these exorbinant pensions to public employees nor do they provide enough value to justify this obscene level of retirement compensation. The Pleasanton employee payroll exceeds the General Fund budget of many bay area cities with a population of 100K+. That's crazy! Pleasanton isn't really doing a great job of managing their money; they just have more money than most cities and that masks their mis-management.

Posted by A train wreck at pusd though, a resident of Pleasanton Heights
on Jun 21, 2012 at 12:37 am

(Post removed by Pleasanton Weekly Online staff as irrelevant to this thread.)

Posted by Ben, a resident of Birdland
on Jun 21, 2012 at 8:09 am

"That's too high and I want to work to reduce the percentage," Councilman Jerry Thorne said Tuesday night.
That is Jerry's campaign voice, any other year he would be doing the good old boy back slap.
This is pollyanna without including the unfunded retirement debt.
Cut the budget by reducing too many Pleasanton cops with nothing to do but harass citizens.

Posted by Arnold, a resident of Another Pleasanton neighborhood
on Jun 21, 2012 at 11:24 am

Too many cops. Too many public school teachers. Too many fire fighters. We need more bartenders, hedge fund managers and bankers who contribute additive value to our economy. The math is clear. The prediction is for unmitigated disaster once the tsunami hits and hits hard. How do fire fighters put out a flood? How do cops ticket raging waters swirling through our city's streets? Can you name one public school teacher who can tell us how to stanch the spigots of water spewing through the fissures of our already Obama-weakened political economy? I wish someone would attempt to answer my questions!

Posted by The Captain, a resident of Vineyard Avenue
on Jun 21, 2012 at 8:29 pm

"This is the captain of the Titanic. Please do not be alarmed. You have nothing to worry about. We did not hit an iceberg. Now enjoy the music and drinks are on the house".

Posted by Steve, a resident of Parkside
on Jun 22, 2012 at 7:33 am

Faced with these exorbinant costs, its fun to try to imagine our ticket giving police and incompitent union teachers attempt to stop the Titanic from going DOWN. Look at all the peachwork on our city streets. What do you think its covering up? Meanwhile, like Arnod says on another line, the politicians are sitting in the bathtub playing rubber ducky while the drane is clogged and the water keeps running. Nothing to worry about hear folks.

Posted by GX, a resident of Another Pleasanton neighborhood
on Jun 22, 2012 at 9:56 pm

Shame on you Pleasanton Weekly for providing such incomplete and misleading coverage of such an important topic. Do you pride yourself for being such a tool for a public-union controlled City Council?

Maybe one day you will learn to actually do investigative reporting and challenge the information provided to you? Maybe you could look into how well the city is doing against its unfunded liability goals. Maybe you could look at some basic service metrics (e.g. miles of road repaved) to understand the sacrifices this community continues to make in order that public employees aren't asked to contribute much.

You've promised me for nearly a year to conduct an indepth investigative reporting effort to increase the community's understanding of our growing liability threat. Where is that piece?

Shame on you. You are part of the problem and are doing this community a huge disservice.

Posted by Steve, a resident of Parkside
on Jun 23, 2012 at 7:43 am

GX is right. We have to save the service metrics regarding miles and miles and miles of unpaved or badly paved roads. There are ampel indications that the union thug public school teadchers would rather receive a fare salery then fix a pot hole in front of my house. What gives? I can tell you what gives. Obama the Salama wants to replace normel boloney sausage with mid-east backed tubes of Salami. And then what? The long and short of it is that we need someone in office who will outsource all our porky jobs to China so that we can become more like China. Thank you GX for you're irrudition. Whether you use the name Arnold or Kathleen or Stacey, your contributions all always appreciated.

Posted by Kathleen Ruegsegger, a resident of Vintage Hills Elementary School
on Jun 23, 2012 at 8:05 am

"Steve," nice attempt to tie teachers to spending on roads--two different government entities of course. Yes, you love hyperbole--and now there's the additional illiterate component--so much easier than actually making a point.

Posted by Steve, a resident of Parkside
on Jun 23, 2012 at 8:23 am

Stacey, you misunderstand me. Of COURSE they are seperate entitties. But with less taxpayer money going toward incompitant teachers who hide behind union corruption and unspecificallized language the more money is leftover for filling potholes. You use you're metric. I use mine. Were all of the same side of the boat!

Posted by Kathleen Ruegsegger, a resident of Vintage Hills Elementary School
on Jun 23, 2012 at 8:57 am

You are so uneducable, Steve. I have no reason to post under more than one name. You? And I wouldn't be on whatever boat you are sailing.

Posted by Steve, a resident of Parkside
on Jun 23, 2012 at 9:06 am

We have a extrordinary line of thought developing here with the potential to reach millions of readers. But then, a lass, unfortunetely, Kathleen/Stacey has to bring things down by name calling. Correction: We are all ON the same side of the boat. Those who refuse? They make me want to puke.

Posted by Kathleen Rugsegger, a resident of Vintage Hills Elementary School
on Jun 23, 2012 at 9:17 am

"We are all ON the same side of the boat." Taking on water? I can see why you'd have an upset stomach. Please, do continue reaching out to the minions . . . millions.

Posted by Stacey, a resident of Amberwood/Wood Meadows
on Jun 23, 2012 at 7:09 pm

Stacey is a registered user.

In other words, the only reason a certain person responded here was because they thought I was writing under a different name. They actually have no interest in expressing their own thoughts and opinions on the subject beyond how best they can milk the topic to harass other posters. Cyberstalking is creepy.

Posted by Nurse Shark, a resident of Bridle Creek
on Jun 24, 2012 at 12:50 am

Sock-puppetry and 24/7 monitoring of a small-town newspaper's online forum is even more creepy.

Posted by Steve, a resident of Parkside
on Jun 24, 2012 at 7:49 am

Yeah, its all about you Stacey. Every body in the hole world is only thinking about you.

Posted by Stacey, a resident of Amberwood/Wood Meadows
on Jun 24, 2012 at 9:33 am

Stacey is a registered user.

Only you, fake-Steve. That's why you addressed a whole post to me on this thread BEFORE I posted. You guys really must have missed me! Awe...

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