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.
Showing posts with label operating budget. Show all posts
Showing posts with label operating budget. Show all posts
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.
April 28, 2010: Santa Clara Revenues Down, Deficit Doubles
By Carolyn Schuk
The City of Santa Clara is in a world of financial hurt. The City Manager's midyear budget review shows this year's total tax revenues – roughly 60 percent of the city's operating budget – down nearly 7 percent from last year.
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