City of Tracy Layoffs/Pension Reform
Approximately 58 layoff notices were handed out in Tracy this week. Tracy is looking at huge revenue drops just like Manteca and every other city in the valley, state and country.
It looks like the cuts will impact every department including Police--but a disproportionate share of the cuts may occur in maintenance and operations.
To read more about the cuts, click here.
Another item in the news today involves pension reform. Two more City Managers groups have endorsed the concept of a two-tiered pension system for employees. The plan would put impact both the retirement formula and the date when retirement benefits max out for new hires.
According to the article:
The cities plan on abiding by the guidelines when elected and appointed officials enter future negotiations with their union groups. Because the policy would apply only to workers hired after the ratification of new union contracts, the changes will do little, if anything, to help cities clean up their current budget messes, said Brisbane City Manager Clay Holstine, who helped write the policy.
One of the mid-sized cities endorsing the plan notes that the plan would save the city $44 million over the next 20 years. To read the entire article, click here.
The San Joaquin County City Managers have also come up with policy document and I'll be blogging about it soon.
It looks like the cuts will impact every department including Police--but a disproportionate share of the cuts may occur in maintenance and operations.
To read more about the cuts, click here.
Another item in the news today involves pension reform. Two more City Managers groups have endorsed the concept of a two-tiered pension system for employees. The plan would put impact both the retirement formula and the date when retirement benefits max out for new hires.
According to the article:
The cities plan on abiding by the guidelines when elected and appointed officials enter future negotiations with their union groups. Because the policy would apply only to workers hired after the ratification of new union contracts, the changes will do little, if anything, to help cities clean up their current budget messes, said Brisbane City Manager Clay Holstine, who helped write the policy.
One of the mid-sized cities endorsing the plan notes that the plan would save the city $44 million over the next 20 years. To read the entire article, click here.
The San Joaquin County City Managers have also come up with policy document and I'll be blogging about it soon.
posted by City Manager @ 7:16 AM
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