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
City of Arcadia to place three measures on November 8, 2022 ballot. 1. Proposed City Charter Amendment Measure. The City Charter was last amended in 1998. The citizen-led Charter Review Committee recommends updates to mirror changes in state laws since 1998 and to reflect current local government standards, to include a) mirroring changes in state laws to increase voter turnout by moving the date of regularly scheduled city council elections from April in even-numbered years to the November Statewide General Election in even-numbered years. b) recognizing the city's change to by-district elections as required by California Voting Rights Act. c) Creating a rotation of mayor and mayor pro tem positions every 9.5 months to allow all council members to serve during their term. d) Change position of City Clerk from elected to appointed. e) other amendments to streamline government, utilize technology and increase transparency. 2. Two measures to increase locally controlled funding. One measure would increase Arcadia's local tax on stays at hotels and motels from 10% to 12%--similar rate to many neighboring cities. The other measure would enact a local tax on sports wagers if sports betting becomes legal in California through State Proposition 26, also on the November ballot
City of Arcadia receives over $1.5 million in annual revenue from Santa Anita Park, according to a report from Keyser Marston Associates, which was commissioned for the city's Economic Development Division. Over the next five years, the racetrack is estimated to generate $7.5 million in sales tax, pari-mutuel revenue and property tax. According to the report submitted in the fourth quarter of 2019, Santa Anita Park is responsible for 1,160 jobs annually.
Longtime Arcadia City Clerk Gene Glasco retires. Glasco has served 12 years as its elected City Clerk. In 2022, Arcadia voters approved an update to the City Charter that eliminated the position of the elected City Clerk. With Glasco's retirement, the City Manager will appoint a City Clerk. Most of the traditional City Clerk duties are currently performed by professional staff in the City Manager's Office, ensuring uninterrupted service to the public. Photo of Glasco with Arcadia City Council. See press release dated April 18, 2024 in VF for full-text.
Arcadia residents, city officials grapple with homeless issue at a public forum at Arcadia Performing Arts Center. City Manager Dominic Lazzaretto said easing the homeless crisis comes down to two major areas--enforcement and services. Police Chief Roy Nakamura said the number of calls to Arcadia Police Department related to the homeless increased from 1493 in 2019, to 2067 in 2020.
Santa Anita Park cancels Friday racing due to recent storms. Friday's card will be redrawn Saturday and held February 15. Santa Anita Park V.P. and General Manager Nate Newby said more than 10 inches of rain fell in Arcadia since Sunday afternoon.
Le Meridien hotel by Marriott in Arcadia is taking shape. Photo. The site of the former Santa Anita Inn, now razed, is the site for an ambitious new $300 million hotel and mixed-use condominium project opposite the Santa Anita Park racetrack. Contruction has been swift, but delayed a bit this week due to the rain. Developer Chateau Group USA held a ceremonial groundbreaking for the project on June 27, 2018.
Eileen Wang: a strong voice for Arcadia City Council, running for District 3. Her passion is education. She wants to bring more financial responsibility and transparency to the City budget. Election is Tuesday, November 8. Photo.
Property values continue to grow in Los Angeles County. The record breaking uptick is the region's 12th consecutive yearly increase. Los Angeles County's total assessed property value for 2022 grew by a record $122 billion, boosting it to $1.89 trillion. Arcadia and Cerritos saw the smallest annual increase, with total assessed property values in both cities rising 4%.
Arcadia City Manager Dominic Lazzaretto has appointed Captain Roy Nakamura as the city's 30th police chief. He is a 28-year veteran of the Arcadia Police Department. He succeeds Chief Robert T. Guthrie, who is retiring. Nakamura is the first police chief of Japanese and Asian descent in a city that once temporarily incarcerated Japanese and Japanese-Americans at Santa Anita Park. Arcadia's population is currently 60.8% Asian.
Grand opening of new Live Oak Library celebrated recently. The $7.3 million refurbishment began May 2019 and completed September 1, 2020 in the middle of the pandemic. It is a Los Angeles County Public Library branch. Los Angeles County supervisor Kathryn Barger attended. Its manager is Denise Dilley.
Arcadia city considers ban on some restaurant takeout containers (polystyrene, aka Styrofoam). Restrictions on straws, utensils also under review. Arcadia Council Member Tom Beck introduced the idea and Council Member Paul Cheng is enthusiastic about it. Jason Kruckeberg, Assistant City Manager and Development Services Director, said the City will work with restaurants and the Chamber of Commerce to implement the ordinance. The Cheesecake Factory is already using eco-friendly containers and utensils.
The price hasn't been right for bettors at Santa Anita Park. It's too easy to pick the winners. Betting favorites are winning 46% of the races since the meet opened December 26. That's much higher than normal in thoroughbred racing (about 33%), than the highest for any of Santa Anita's 85 previous winter-spring seasons.
Assemblymember Mike Fong, D-Alhambra, secures $4.5M for San Gabriel Valley cities. The cities Fong represents include Alhambra, Arcadia, El Monte, Montebello, Monterey Park, Rosemead, San Gabriel, San Marino, South El Monte, South Pasadena and Temple City. The money is for investing in infrastructure that will increase access to park space, library services, and athletic facilities and enhance public safety for the 49th District.
Food company executives Feng Wu Lam, who owns South El Monte based Golden Food, Inc. and her husband Wei Wen Wu, the company's manager, face insurance fraud, wage theft charges. They are accused of underreporting their payroll to workers' compensation insurance carriers by about $4.5 million between 2015 and 2019. They are both Arcadia residents.
Opinion piece by Roger Nemrava. He writes that Mayor Sho Tay is putting his personal agenda above Arcadia's citizens in regard to redistricting and filling of the city council seat which was vacated due to Roger Chandler's death.
Westfield sues Los Angeles County over "unjustifiable" mall closures due to COVID-19. Westfield operates indoor malls in Canoga Park, Culver City, Sherman Oaks, Valencia and Arcadia. The suit alleges monetary losses and non-monetary losses.
County Assessor reports solid growth for Arcadia in 2020 Assessment Roll. The Roll for 2020 has been closed and it reflects solid growth for Arcadia and the rest of the County. However, the Roll is pre-COVID. This comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. The County Assessor is constitutionally mandated to close the roll by the end of the Fiscal Year on June 30. The 2020 Assessment Roll has a total net value of $1.7 trillion, indicating the 10th year of consecutive growth. That value places $17 billion in the hands of the County to be used for those public services I just mentioned. This year the Roll has an added dynamic, the COVID-19 pandemic. Locally, Arcadia for 2020 came in at $18.3 billion for taxable values, which is a 4.4% increase over last year’s numbers. That includes 14,854 single-family homes, 809 apartment complexes, 995 commercial-industrial parcels for a grand total of 16,658 taxable properties. Growth is steady in Arcadia.
More importantly, that $18.3 billion translates into about $183 million for vital public services such as public safety, healthcare and public education that benefits Arcadia.
Pasadena City College Board. Three challengers hold leads over incumbents in the recent primary election. In Trustee Area 7, Incumbent Anthony Fellow and Alton Wang, a legal advocate focused on improving representation in government for communities across the country, hope to represent the city of Arcadia on the college's Board of Trustees. Wang led early in a tight race. Both Fellow and Wang recognize the importance of the issues of housing insecurity and increasing access to college courses in the wake of declining enrollment at PCC. See also Pasadena Star News, p. A8, June 9, 2022--Incumbent Fellow leads Alton Wang.