Tag: finances
Council uses ‘lease’ financing to pay JFA dissolution settlement
MARTINEZ, Calif. – Following the advice of its bond counsel, the Martinez City Council voted twice Wednesday on a lease agreement that would finance the resulting liability from the dissolution of the Martinez-Pleasant hill Joint Facilities Agency (JFA). By seeking the five-year loan, the city is in a position to save money as it pays […]
Council poised to award contracts tonight for Measure D street sealing
MARTINEZ, Calif. – A Modesto paving firm may get a $2.466,223.41 contract tonight if Martinez City Council accepts its bid for the 2018-19 Measure D street sealing project. City Engineer Tim Tucker has recommended the Council accept the bid from American Pavement Systems, whose bid was higher than the $2.4 million engineering estimate for the […]
Council approves loan to satisfy JFA settlement
MARTINEZ, Calif. – Martinez City Council has agreed to obtain a $4 million line of credit from US Bank to pay Social Security obligations it has incurred as a result of the dissolution of the Pleasant Hill-Martinez Joint Facilities Agency. It is a better approach than making installment payments to the Internal Revenue Service, Finance […]
Council considers JFA settlement, animal control amendments, general plan reports
MARTINEZ, Calif. – Martinez City Council will decide tonight whether to borrow $4 million to pay for retroactive costs stemming from the dissolution of the Pleasant Hill-Martinez Joint Facilities Agency, ending a long-standing dispute whether its employees worked for the city, and whether the agency existed at all. In addition, the Council will take public […]
Council to hear options for November sales tax measure
MARTINEZ, Calif. – Martinez City Council will consider options for a November sales tax measure at Wednesday night’s special meeting. One alternative would ask voters to approve a general tax that would support a variety of public services, while another version would be a special tax to fund public safety. City staff will ask the […]
Council to hear midcycle budget, staffing recommendations tonight
MARTINEZ, Calif. – Martinez staff members will offer their recommendations for midcycle 2017-19 budget amendments, funding for local nonprofit organizations and staffing changes at tonight’s City Council meeting. The budget didn’t anticipate some of the city’s expenses, said City Manager Brad Kilger, Assistant City Manager Anne Cardwell and Finance Director David Glasser in their joint […]
Subcommittee reviews mid-cycle budget adjustments
MARTINEZ, Calif. – In advance of the June 20 Martinez City Council meeting, the Council’s Budget and Finance Subcommittee heard Wednesday that some taxes are producing more revenues than expected. But sales tax revenues are slightly lower while the cost of some city operations are costing more. Finance Director David Glasser first gave the subcommittee […]
Education board eyes project labor agreement despite Fuller’s objections
MARTINEZ, Calif. – Although Boardmember John Fuller wanted the item pulled from Tuesday’s agenda, the Martinez Unified School District Board of Education took its first look at a proposed Project Labor Agreement (PLA) that would govern contractors working on many of the district’s Measure R-funded construction projects. Fuller said the Board’s subcommittee had not met […]
Council eyes Measure D road repairs tonight
MARTINEZ, Calif. – Martinez City Council will decide tonight whether to accept the list of streets recommended for road repair under Measure D funding. Measure D is the half-cent sales tax approved in 2016 by Martinez voters. The revenues can be used solely for local road maintenance and repairs, and the tax lasts 15 years. […]
School district looks to cut spending by $3.5 Million in 2019-20
MARTINEZ, Calif. – Martinez Unified School District Board of Education will vote Monday on a resolution that says the District’s 2019-20 budget must cut spending by as much as $3.5 million. “[W]hile these actions must be taken to maintain the fiscal stability of the District, the Board of Education will continue to make every effort […]
