calpers
City Council meeting change Tuesday - 2 p.m. start to Budget Workshop
Submitted by paula on Thu, 08/20/2020 - 11:55am
SOUTH LAKE TAHOE, Calif. - The time of the Tuesday, August 25 South Lake Tahoe City Council meeting has been moved to start at 2:00 p.m.
Most of the agenda focus is on a budget workshop for fiscal year 2020-21 (FY 20-21) which includes a $2.5 million decrease from last year. A presentation will be made on the $93.7 million total budget of which about $40.5 million is the general fund.
El Dorado County's 100 top paid employees
Submitted by paula on Fri, 02/14/2020 - 11:21pm
EL DORADO COUNTY, Calif. - Auditor-Controller Joe Harn has updated the list of the County’s 100 highest compensated employees for the calendar year 2019.
Letter: Vote "No" on Measure B
Submitted by Anonymous on Wed, 02/12/2020 - 3:40pm
Measure B is up for a vote. I am voting NO because the Lake Valley Fire Protection District spends most of its revenue on salaries and benefits leaving nothing to pay for new equipment.
South Lake Tahoe to start new search for city manager and fire chief
Submitted by paula on Wed, 12/18/2019 - 1:19am
SOUTH LAKE TAHOE, Calif. - With the City of South Lake Tahoe in need of both a city manager and fire chief, the City Council today discussed the best route to take on their recruitment.
El Dorado County supervisors approve adopted budget
Submitted by paula on Wed, 09/25/2019 - 4:12pm
PLACERVILLE, Calif. – The El Dorado County Board of Supervisors yesterday unanimously approved the Fiscal Year 2019-20 Adopted Budget to fund the County’s programs and services. State law requires Adopted Budgets to be approved by October 2nd, 2019.
South Lake Tahoe Council gets first look at 2019-20 budget: New police and fire personnel added
Submitted by paula on Thu, 09/05/2019 - 4:06pm
SOUTH LAKE TAHOE, Calif. - The proposed 2019/20 budget for the City of South Lake Tahoe was presented to the Council Tuesday by City Manager Frank Rush who showed where $119M will go should they agree and approve at their September 17 meeting.
Day-long budget workshop for the City of South Lake Tahoe
Submitted by paula on Sun, 07/14/2019 - 12:10am
SOUTH LAKE TAHOE, Calif. - It will be a very long day for the City Council and City staff on Tuesday as they hold a budget workshop prior to the start of their regularly scheduled meeting on July 16 at 10:00 a.m.
The public is invited to attend
Their agenda:
1. Call to Order Mayor Laine
2. Public Comment Mayor Laine
3. Draft City Council Priorities Frank Rush
a. Review of priorities
b. Progress to date
4. General Overview of City Financial Position Debbie McIntyre
a. General Fund balance
El Dorado County Supervisors approve $688 million budget
Submitted by paula on Tue, 06/18/2019 - 8:26am
PLACERVILLE, Calif. - The El Dorado County Board of Supervisors unanimously approved the 2019-20 budget on Monday, one that spends $688 million to fund the County’s programs and services. $313 million of that amount is the County’s general fund which primarily funds public safety and general government services.
Public meeting to discuss $688.7M El Dorado County recommended budget
Submitted by paula on Wed, 06/05/2019 - 11:07pm
EL DORADO COUNTY, Calif. - The Board of Supervisors will hold a public meeting on June 17 to go over the El Dorado County Fiscal Year 2019-20 Recommended Budget of $688.7 million. This special meeting starts at 10:00 a.m. and will be held in the Board's Placerville meeting room at 330 Fair Lane.
The County's Chief Administrative Officer, Don Ashton delivered the budget to the supervisors and it is also available online for review. State law mandates that the Recommended Budget be submitted to the Board on or before June 30th of each year.
South Lake Tahoe to spend almost $3M on new snow removal equipment
Submitted by paula on Tue, 04/23/2019 - 10:34pm
SOUTH LAKE TAHOE, Calif. - With about $8 million in unassigned General Fund reserves, the South Lake Tahoe City Council voted last week to spend about $2.5 million for the replacement of four pieces of critical snow removal equipment and the purchase of one new piece of equipment.
The Department of Public Works has thirty-one pieces of heavy equipment assigned to snow removal operations for use on roads, the airport, facilities, parks, and
trails. Some of that equipment can do double duty and work during non-winter months including loaders, pick-up trucks, and tractors.
US 50/South Shore Community Revitalization Project approved by TRPA
Submitted by paula on Thu, 11/15/2018 - 7:09pm
LAKE TAHOE, CA/NV - It's been 38 years in the making. On Thursday, November 15, 2018, the Tahoe Regional Planning Agency (TRPA) Board of Directors unanimously approved the final joint environmental document for the US 50/South Shore Community Revitalization Project, also known as the "Loop Road."
Last week, the board of the Tahoe Transportation District (TTD) unanimously approved the same document, the final Environmental Impact Statement (EIR/EIS/EIS).
City Council makes it official: Dirk Brazil's interim city manager contract approved
Submitted by paula on Tue, 06/05/2018 - 11:07pm
He's been on the job for a few weeks, meeting with staff and getting to know the ropes in South Lake Tahoe, but Dirk Brazil's employment contract for the interim city manager position was officially approved at Tuesday's City Council meeting, his first official day on the job.
Four vying for El Dorado County Supervisor, District 5
Submitted by paula on Sat, 05/12/2018 - 10:51pm
There are four people running for El Dorado County Supervisor for the 5th District on June 5: Incumbent Sue Novasel and challengers Kenny Curtzwiler, Norma Santiago and Jeffrey Spencer. The 5th District covers Pollock Pines to South Lake Tahoe and Tahoma.
South Tahoe Now asked each candidate the same questions, and here are all of their answers, exactly as they were presented to us.
Sue Novasel
Occupation: El Dorado County Supervisor – District V
Past political history:
2015 – Present: County Supervisor, District V
Low public turnout for EDC budget presentation
Submitted by paula on Sat, 03/24/2018 - 4:51pm
MEYERS and SOUTH LAKE TAHOE, Calif. - The El Dorado County Chief Administrative Officer (CAO) Don Ashton has been making the rounds to communities throughout the county, explaining the budget through an informative presentation and discussion.
Most of the communities Ashton has visited have had 15-20 citizens in attendance, all asking questions and giving input in the budget process as Ashton and the Supervisors figure out how to save $20M over the next four years to meet CalPers pension liabilities.
Tax increase to fix South Lake Tahoe roads to be determined Tuesday
Submitted by paula on Mon, 11/06/2017 - 7:14pm
South Lake Tahoe voters will be deciding the future of roads in the City when they determine the fate of Measure C on Tuesday, November 7, 2017.
Voters will decide if a one-half cent sales tax will be added in the town to provide approximately $2.5 million that will fix potholes and pave, repair, maintain local roads.
The following polling locations are established for the November 7, 2017 election:
Lake Tahoe Christian Fellowship, 3580 Blackwood
South Shore Christian Assembly 886 Glorene Avenue
South Tahoe Now: Why Measure C is needed now
Submitted by paula on Fri, 11/03/2017 - 9:51am
Many of South Lake Tahoe's roads are decades past their prime, and Measure C is in front of voters November 7 to increase taxes by one-half percent to pay for their maintenance and repair.
I support Measure C and let me tell you why, but it will have to start with a look back to see how we got here.
Letter: Measure C needs to be rewritten, Vote No
Submitted by Anonymous on Tue, 10/31/2017 - 3:50pm
Event Date:
October 31, 2017 (All day) As it stands right now, any tax money collected goes to the General Fund where it can be disbursed as the city sees fit regardless what it is ear. That's why this Measure C is a good tax (if there is a good tax), because it is a specific fund that cannot be used for anything but what it's voted on.
Specifically this started as a way to keep CalPERS from robbing the general fund for unfunded pensions and liabilities. The problem is it's not enough and everyone knows it, even the authors.
Vail Resorts posts gain in 2017; CalPERS increases their investment
Submitted by paula on Mon, 10/02/2017 - 7:30am
Vail Resorts Inc., the parent company of Heavenly Mountain Resort, Kirkwood and Northstar California, posted income of $210.6 million for fiscal 2017, and increase of 40.6 percent over 2016.
Highlights of their year:
Total skier visits for fiscal 2017 increased to approximately 12.0 million, up 20.1 percent
Total lift revenue increased $160.3 million, or 24.4%
Ski school revenue increased $34.5 million, or 24.1%
Dining revenue increased $29.6 million, or 24.4%
Retail/rental revenue increased $52.3 million, or 21.7%
El Dorado County $569 million budget released
Submitted by paula on Thu, 09/14/2017 - 5:12pm
El Dorado County Chief Administrator, Don Ashton, today released the County’s
Final Budget for fiscal year 2017/18. The Board of Supervisors is scheduled to review and approve the $569 million operating budget during their meeting on Tuesday, September 19.
Opinion: Difficult choices in El Dorado County budget
Submitted by paula on Mon, 06/05/2017 - 11:44am
Last Friday, I delivered to the Board of Supervisors and publicly released the County’s Recommended Budget. The 422-page document deserves some context.
El Dorado County's $536M budget eliminates 40 jobs, reduces $13M in costs
Submitted by paula on Sat, 06/03/2017 - 8:46am
With an increase of $4.5 million to CalPers in 2018, changes to some social service programs, the impact of prison realignment, a "challenging" budget for El Dorado County is now available for public review. It is going to the Board of Supervisors (BOS) as well and they will have future meetings on the subject.
City's business plan presented; Public encouraged to review
Submitted by paula on Wed, 05/17/2017 - 8:30am
Every two years a new business plan is presented to the South Lake Tahoe City Council, outlining goals, the vision and strategic priorities. This is done after each election.
In February, City staff, Council and community members got together for a two-day strategic planning session, and the results that came out of that were put into the 2017/18 South Lake Tahoe Business Plan.
CalPERS to extract $4.5B from public agencies over next 5 years: City's total up $4.9M
Submitted by paula on Mon, 05/15/2017 - 2:07pm
During Tuesday's South Lake Tahoe City Council meeting, the City's financial forecast over the next five years will be presented. Included in that will be a review of how the City prepared to meet anticipated increases for South Lake Tahoe programs and services by budgeting conservatively. What could not be budgeted for though was a 100% increase by the California Public Employee Retirement Systems (CalPERS).
How the City of South Lake Tahoe plans to spend $73 million
Submitted by paula on Wed, 09/02/2015 - 9:43pm
City Manager Nancy Kerry and Mark Carlson, the City's Administrative Services Director presented the 2015-16 Fiscal year budget to the South Lake Tahoe City Council during a workshop Tuesday.
"There is a lot we can be proud of," Kerry said.
The budget process has been ongoing since May, involving staff in making the decision on where to cut back, and where to spend.
Alfred Villalobos, Stateline resident and key figure in CalPERS scandal, commits suicide
Submitted by paula on Wed, 01/14/2015 - 10:58pm
Alfred J.R. Villalobos, a former state pension fund board member who faced trial next month on federal corruption and bribery charges, has committed suicide, officials said Wednesday.
The Reno Police Department confirmed that Villalobos' death was a suicide, but the Washoe County Medical Examiner's Office declined to provide further details because of an ongoing investigation.
Ex-chief of huge pension fund guilty of bribery; South Lake Tahoe businessman still faces charges
Submitted by paula on Fri, 07/11/2014 - 11:31pm
The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.
Fred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees’ Retirement System from 2002 to 2008.
City of South Lake Tahoe Forecasts Negative Cash Flow Unless Revenues Increase Significantly
Submitted by paula on Sun, 06/15/2014 - 12:09am
The City of South Lake Tahoe made several strategic moves in 2010, allowing them to survive the financial crisis which caused so many problems in 2010. As the Five Year Financial Forecast is presented during Tuesday's City Council Meeting, it will be evident that it is time again to make more strategic moves to stay in the black and be sustainable. One such move should be a focus on growing the local economy.
Judge: CalPERS can offer long-term care insurance to gay couples
Submitted by admin on Mon, 05/28/2012 - 4:00pmDrug giant settles its CalPERS probe that involves Stateline man
Submitted by admin on Sun, 03/25/2012 - 11:37amRuling clears way for CalPERS fraud suit
Submitted by Anonymous on Sun, 01/01/2012 - 5:00amThe judge on Friday approved a petition from Villalobos and three companies he controls to pay about $17 million to dozens of creditors, including lawyers, accountants, banks, the Internal Revenue Ser...
