A ballot measure coming before Piedmont voters in the Feb. 4, 2014 municipal election would authorize the City Council to approve the issuance of bonds or other debt to refinance the City of Piedmont’s Side Fund obligations to the California Public Employees’ Retirement System (PERS).
Information on the measure (which doesn't have a letter designation yet) has been posted on the City of Piedmont website. State law requires the documents to be posted for a 10-day period, which began Nov. 22 and ends Monday, Dec. 2, at 4 p.m.
You may read the city attorney's impartial analysis of the measure here and the argument in favor of the ballot measure here.
The argument in favor is signed by John Chaing, Mayor; Margaret Fujioka, Vice Mayor; Jeff Wieler, Councilmember; Dean Barbieri, Former Mayor; and Bill Hosler, Chair, Budget Advisory and Financial Planning Committee.
According to City Clerk John Tulloch, no direct argument against the ballot measure was submitted.
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