- An incremental $46M has been siphoned off from city services over the past 6 years to pay for incremental public employee entitlement costs
- We spend an extra $10M/year compared to 6 years ago to pay for entitlement costs
- Entitlement costs are growing at 700% of baseline and eats up nearly 10% of our budget
- Entitlement costs increased by 5% last year when the overall budget declined by 6%
- Most city employees contribute nothing to their retirement funds - the city picks up their portion
- City employment rules just enabled Fraser, our chief of police for 3 years, to retire at 56 from a desk job with a retirement package of $4.9M+ (my own NPV estimate based on actuarial facts)
This issue has been growing for years and City management/Council has only made token changes to the system. Ask yourself why this is the case?
In the meantime, the city will look for every way it can to raise fees/taxes, short-change reserve accounts, etc. to cover this.
Average citizens of Pleasanton will continue to be short-changed until the Council/management finds the courage to stand up to public employee unions.