Santa Cruz City Manager Martin Bernal announced this week that he and other top city executives will take compensation cuts to help close a budget shortfall, that’s expected to reach nearly 3-million dollars by 2012. The city’s 10 department heads will forgo cost-of-living raises and increase contributions to their pensions and health care costs. They also plan on implementing a less costly 2-tiered pension that reduces retirement contribution for newly hired executives.
