Posted: 04/22/2010 06:00:00 AM PDT
Pacifica City Council put into motion steps to reduce the city's budget deficit by finding ways to increase revenue and cut expenses.
Option one is the committee's favored option as it does not cut the budgets of any city department nor does it cut personnel positions. It calls for the city to revisit labor agreements to try to negotiate a wage freeze and a freeze to the city's contribution rate to retirement benefits, among other things. Revisiting labor agreements, the task force expects to save $8.5 million over a five-year period.
Under this option, voters will be asked to approve three revenue-generating measures — an increase of the temporary occupancy tax (TOT) hotel guests pay, a public safety assessment and a revised utility users' tax. The TOT would increase from 10 percent to 12 percent to generate $72,000 over five years if voters approve the measure in November. Next spring, voters will be asked to pass a public safety assessment to raise $4 million over four years. The revised utility users' tax, expected to provide $2 million in additional revenue over three years, will come before voters in November 2012.
Posted by Steve Sinai