All revenues due to, and raised by the City, shall remain within
the City of Carlsbad for appropriation solely by the City Council.
No such revenue shall be subject to subtraction, retention, attachment,
withdrawal or any other form of involuntary reduction by any other
level of government.
No person, whether elected or appointed, acting on behalf of
the City, shall be required to implement or give effect to, any function
which is mandated by any other level of government, unless and until
funds sufficient for the performance of such function are provided
by such other level of government.
Safety employees hired on or after October 4, 2010 (the effective
date of the ordinance amending the City's Contract with CalPERS to
create a second tier of retirement benefits for safety employees)
shall not have their retirement benefit formula (commonly known as
the 2% at 50 years of age formula) increased without an amendment
to this section. The City Council may reduce this formula as provided
in state law without an amendment to this section.