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Arcadia adopts comprehensive pension management plan, saving $85 million. It addresses the City's $154 million in unfunded pension liabilities. It focuses on: -use of reserves to prepay existing liabilities -refinancing existing debt to lower interest rates to free up cash flow -prepaying costs with surplus funds from voter-approved Measure A sales tax increase -financing long-term capital improvements -using pension obligation bonds to lower the overall costs of pensions -negotiating for more employee cost-sharing. See also Arcadia Weekly, p. 3, February 27, 2020

https://arcadiahistory.andornot.com/en/permalink/newspaper35680
Newspaper
Mountain Views News
Date
February 29, 2020
Pages
p. 6
More detail
Newspaper
Mountain Views News
Date
February 29, 2020
Pages
p. 6
Subjects
City of Arcadia employees
Pensions
Collection
Newspaper Index
Less detail

Arcadia Unified School District (AUSD) Deputy Superintendent Robert Leri has resigned. Arcadia High School Principal David Vannasdall will take on the additional role of Deputy Superintendent March 1 and leave his job as principal at end of school year to become Deputy Superintendent. Other personnel changes within the school district. AUSD is trying to cover a projected $7 million annual budget deficit with a proposed 5-year parcel tax. Arcadia Educational Foundation is doing its annual solicitation.

https://arcadiahistory.andornot.com/en/permalink/newspaper32821
Newspaper
Mountain Views News
Date
January 21, 2012
Pages
p. 6
More detail
Newspaper
Mountain Views News
Date
January 21, 2012
Pages
p. 6
Subjects
Amos, Debra
Aragon, Christina
Arcadia Educational Foundation
Arcadia Unified School District (AUSD)--employees
Leri, Robert
Letson, Paul
Popovich, Danae
Reynolds, Brook
Vannasdall, David
Item ID
33018AN
Collection
Newspaper Index
Less detail