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CARLSBAD
The Carlsbad City Council met in special session Tuesday to discuss the city’s economic and financial update for the third quarter of the fiscal year 2021. The council heard a report and discussed ways to address the economic impact of the COVID-19 pandemic. Staff was asked to bring back information on supporting nonprofits. The council also discussed how to use the excess general fund reserve. The council voted to allocate $10 million to pay down pension liability to the California Public Employees Retirement System, and also transfer $3.5 million to the Infrastructure Replacement Fund. The council also allocated $8.3 million to pay for some of its 2021-22 goals, which include reducing the homeless population by 50 percent within five years.