By Carolyn Schuk
Big jumps in payments into the California Public Employees’ Retirement System (CalPERS) system is one of the factors driving Santa Clara's "systemic" budget deficit over the next five years.
Showing posts with label city compensation. Show all posts
Showing posts with label city compensation. Show all posts
Aug. 26, 2010: Some Santa Clara Pay Scales Surpass Those in New York City
By Carolyn Schuk
As the largest single metropolitan area in the U.S., New York City garners more attention than any other. And as municipal pay scales remain a leading topic on the news, many cities are comparing their payrolls to New York's.
Santa Clara is no exception.
Aug. 11, 2010: City Salaries – Hefty Increases Dominate, With Notable Exceptions of Library, Finance, Police, Streets
By Carolyn Schuk
The growth of public sector compensation has been a hot news topic ever since Bell California's exorbitant city salaries made the headlines. Santa Clara offers its own, albeit more modest, laboratory of how the dynamics of civil service pay can take on independent life of its own, driven by politics and detached from the economic and revenue realities.
Aug. 4, 2010: City Compensation Agreements Can't Be Changed at Will
By Carolyn Schuk
Most would agree that Santa Clara residents receive high quality city services. One reason is that most city services are delivered by city employees – giving the City full control over delivery. Reflecting this, employee compensation accounts for nearly 80 percent of the City's operating budget – a percentage that has been consistent throughout the years.
With the city's budget in a tailspin, some are questioning the pay scales and benefit packages – which unquestionably drive Santa Clara's budget and, with it, a growing deficit.
July 14, 2010: County Report Finds Municipal Employee Compensation Out of Line with Economy, Cost of Living, Municipal Revenues
By Carolyn Schuk
Once upon a time, public sector workers earned far less than employees in private businesses. In return, civil service employees received generous benefits. A 2010 study by the Santa Clara County Civil Grand Jury, "Cities Must Rein In Unsustainable Employee Costs," finds that today's public sector wages and benefits have grown "dramatically" over the last decade, and total municipal compensation "is out of sync with private industry and…unsustainable."
June 9, 2010: City's Pension Fund Costs to Double Between 2010 and 2015
By Carolyn Schuk
One of the reasons for Santa Clara's "systemic" budget deficit over the next five years is a big jump in payments into the California Public Employees’ Retirement System (CalPERS) system.
June 30, 2010: Salaries and Benefits Drive Growing City Budget
By Carolyn Schuk
By now anyone who hasn't been in a coma knows that Santa Clara's budget is headed for record deficits for the foreseeable future. In fact this percentage hasn't changed significantly in the last five years – and it isn't projected to change much over the next five.
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