Cupertino plans to allocate $10 million to CALPERS from the Apple sales tax revenue it retained, with the remaining $64.5 million set for discussion next year.
The state audit revealed Apple's misallocation of sales tax revenue, leading to Cupertino keeping $74.5 million and the city council's subsequent budgetary decisions.
Councilmember Kitty Moore raised concerns over the allocation to CALPERS without further input from city employees about historical impacts, emphasizing the need for a more thorough discussion.
Residents expressed a desire for fiscal caution with the newfound funds, urging the city to save for anticipated future shortfalls rather than impulsively spend.
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