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El Cerrito council directs $1 million in one-time spending, agrees to $1.5 million pension transfer
Summary
The El Cerrito City Council directed staff to pursue a package of one-time expenditures including emergency pool repairs and contributions to a pension trust, and agreed to transfer additional money into a Section 115 pension trust to smooth future CalPERS costs.
The El Cerrito City Council on May 20 directed staff to implement a package of one-time expenditures totaling $1,000,000 from the general fund and to move $1,500,000 into the city—s Section 115 pension trust, part of a plan to address deferred maintenance and looming pension costs.
Council members said the combined approach would allow the city both to address near-term capital needs and to begin smoothing future CalPERS payments. The council instructed staff to pursue a specific mix of allocations that included $500,000 toward an urgently needed replaster of the El Cerrito Swim Center pool, $200,000 to a fire apparatus/equipment replacement reserve and $120,000 for a citywide service-delivery study; the larger $1.5 million Section 115…
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