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6.A. - Page 90 of 114 <br />2018-19 San Mateo Civil Grand Jury Appendix B-2 <br />94 <br />Long-term <br />Long-term <br />pension cost <br />pension <br />Long-term <br />Long - <br />projections <br />cost <br />Additional <br />general <br />term <br />available <br />projections <br />payments to <br />Revenue <br />Pension <br />fund <br />forecast <br />online on <br />published <br />Ca1PERS <br />Employee <br />increase <br />obligation <br />forecast? / <br />included <br />City's <br />in City's <br />currently <br />Pension <br />cost <br />measures <br />bonds <br />Period of <br />in <br />city <br />website? <br />budget?planned? <br />reserve fund? <br />sharing?planned? <br />outstd .? <br />forecast? <br />budget? <br />Yes. The <br />Town <br />included <br />pension <br />cost <br />projections <br />for the first <br />Yes. <br />time in its <br />Yes. Section <br />Through FY <br />FY 2019-20 <br />115 Trust. <br />Yes. 10 - <br />Hillsborough <br />2028-29. <br />budget. <br />No <br />$4.8M. <br />Yes <br />No <br />No <br />years <br />Yes <br />Yes. $4.3M in <br />FY 2018-19. <br />Expect $8.4M <br />Yes. Plans for <br />by FY2023-24 <br />Yes. <br />additional <br />and $11 AM <br />Through FY <br />pymts. totaling <br />by FY 2027- <br />Yes. 10 <br />Menlo Park <br />2029-30. <br />No <br />$15.2M. <br />28. <br />Yes. <br />No. <br />No. <br />years. <br />Yes. <br />Yes. <br />Through FY <br />Yes. 2004 <br />No forecast <br />Millbrae <br />2028-29. <br />No <br />No. <br />No. <br />Yes. <br />No. <br />for $11.5M.. <br />exists <br />N/A <br />Yes. Plans for <br />Yes. <br />Section 115 <br />Yes. May seek <br />Through FY <br />Trust and <br />increase in <br />Yes 2010 for <br />Yes. 10 <br />Pacifica <br />2028-29. <br />No <br />No <br />$0.2M <br />Yes. <br />"hotel tax" <br />$20.5M <br />years <br />No <br />The Town <br />made a $0.9M <br />pymt. in FY <br />2014-15. <br />Additional <br />pymts. to be <br />No <br />Portola <br />discussed in <br />Yes. $0.712 <br />None currently <br />forecast <br />Valley <br />No. <br />No. <br />2019. <br />million. <br />No. <br />planned. <br />No. <br />exists. <br />N/A <br />Yes. City <br />Yes. Section <br />Sales tax incr. <br />extended <br />115 Trust. <br />2018. Expecting <br />period to <br />Yes. $0.6M in <br />$14.05M to <br />to seek <br />10 years <br />FY2018-19 <br />date and <br />additional <br />for first <br />Yes. <br />and SUM <br />$1.1M per <br />revenue <br />time in FY <br />Rcdwood <br />Through FY <br />annually <br />year <br />increases in <br />2019-20 <br />City <br />2038-39. <br />Yes. <br />thereafter. <br />thereafter. <br />Yes. <br />future. <br />No. <br />budget. <br />Yes. <br />Yes. City <br />Yes. <br />included <br />Considering <br />forecast <br />additional tax <br />for first <br />Yes. <br />increase ballot <br />Yes. 2013 <br />time in <br />Through FY <br />initiatives in <br />for <br />Yes. 5 <br />FY 2019 - <br />San Bruno <br />2024-25 <br />No <br />No. <br />No. <br />No. <br />2019 or 2020. <br />$13.16M. <br />years. <br />20 budget <br />Yes. Section <br />115 Trust. <br />Yes. <br />$1M and $2M <br />Through FY <br />internal <br />Yes. 5 <br />San Carlos <br />2047-48. <br />No <br />Yes. $6M. <br />reserve. <br />No. <br />No. <br />No. <br />years. <br />Yes. <br />Yes. $4.39M <br />by FY 2018- <br />19. Additional <br />pymts. of <br />$14M (for <br />total of <br />$18.39M) <br />Yes. <br />projected to be <br />Through FY <br />made by FY <br />Yes. 10 <br />San Mateo <br />2029-30 <br />No <br />2028-29. <br />No. <br />Yes. <br />No. <br />No. <br />years. <br />Yes. <br />2018-19 San Mateo Civil Grand Jury Appendix B-2 <br />94 <br />