renaissance

Project Czar, Paying for Pensions Top City Priorities

Coordination of Laguna Beach’s many initiatives and paying for pension costs surfaced as priorities at the City Council’s recent planning retreat. At a time when many of the hot-button projects begun in the last year have yet to be finalized, it comes as no surprise that...

Pension Payments Receive Tax Exemption

Laguna Beach’s firefighters will for the first time pay out of their own pocket for a portion of monthly pension contributions, but their share will be tax exempt. Although not required by law, the City Council adopted a section of the Internal Revenue code Tuesday that...

Shortfalls Increase City Deficit

Due to two shortfalls in anticipated revenue, the city’s operating budget deficit will increase to nearly $1 million, pressing the City Council to decide on how to manage the red ink in a mid-year budget review this fall.  The revenue shortfall comes from two different sources....

Laguna’s Budget Improves, But Remains in the Red

After peaking four years ago and then dropping 4 percent to a low of $44.8 million last year, the city’s general fund budget is showing signs of life, City Manager John Pietig said during a City Council budget workshop Tuesday. Even so, the city is projecting a $718,000 deficit,...