Saturday, April 23, 2011

Special Budget Briefing Tuesday

The Costa Mesa City Council, in its ongoing quest for greater transparency in government, will hold the first-of-its-kind Special Budget Briefing Study Session on Tuesday, April 26, 2011 beginning at 4:30 p.m. in City Council Chambers at City Hall. Most study sessions are held in Conference Room 1A, but the anticipated community interest in this subject caused it to be moved to Council Chambers.

Because this
meeting will be held in Council Chambers it will be televised LIVE on CMTV, Channel 24 (Time Warner Cable) and Channel 99 (ATT U-verse) so residents who choose not to come to City Hall can still view this informative meeting in real time. It will also be streamed live on the City web site for those who prefer to view it that way.

On the agenda for discussion will be the following three items:

1 - Update on Current Budget and the Budget Development Process

2 - Status and Update on City CalPERS Rates and Unfunded Liability

3 - Overview and Update on City Fund Balance


Each of those items will be of great interest and this time around the council will hear
from two, count 'em, two PERS experts, Rick Santos, a Senior Actuary from CalPERS and John Bartel, an expert in PERS rates who has served many southern California cities in navigating through the PERS morass. It is hoped that we will finally get some information devoid of political spin on this issue. (NOTE: My favorite definition of an "expert": "ex" is an unknown quantity and "spurt" is a drip under pressure. Sorry, but I just couldn't resist)

As is the case in all Study
Sessions, speakers will be permitted to address ONLY those issues on the agenda. In all previous Study Sessions comments were restricted to 2 minutes in the beginning with a maximum time limit for all comments. However - in a move that should please most concerned speakers - according to the information given at the most recent City Council meeting by Chief Executive Officer Tom Hatch, residents will be given 3 minutes and will be able to ask questions after EACH segment and receive answers at that time. This is a HUGE change in policy and one that almost certainly guarantees a protracted study session.


This special meeting should be very interesting. It has the potential to brush aside the poli
tically-charged rhetoric that has marked the discussion of the City's financial condition in recent months and provide the council and the residents with some real, actual numbers and some clarity provided by experts. I guess we'll see...

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Anonymous Anonymous said...

I'm not sure Bartel will give you all the options that should be considered. During a recent presentation in San Leandro, his discussion focused only on what taxpayers need to pay and did NOT provide any cost saving ideas.

"Pay Now to Keep Pension Costs in Check, Consultant Tells City
The city could save money and reduce its unfunded pension liabilities by finding cash to feed one of the city's pension funds, and paying off debt related to another, says actuary John Bartel..."

Here is the article:

I hope someone asks him if knows what can be done to reduce the cost of the pensions.

4/24/2011 09:26:00 AM  
Anonymous OCLonghair said...

The flyer for this event will read:

"Welcome to the first and last budget review meeting." "Because of the negative input anticipated at our inaugural event, all future meetings will be held after hours, in the Wee hours of the morning, in the Skosh room, in the Rear of "Skoshmonahan's."

For those in the public who would like to attend, please answer the 100 item questionnaire, attach a certified check in the amount of $5,000.00, made out to "Transparency Costa Mesa". The winner shall be notified by the Committee Chairman 10 minutes prior to unpublished time of said meeting. Winner will be required to show 3 types of pictured ID; he/she must pass electronic X-ray scan and cavity search; also winner must remain blind folded prior to, during meeting and in the armored transport vehicle at all times.

Good Luck.

4/25/2011 02:32:00 PM  

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