This just in: The City of San Jose and International Association of Fire Fighters Local 230 have agreed tentatively to reduce firefighters’ total compensation by 10 percent. Mayor Chuck Reed and union president Jeff Welch will hold a 6pm press conference today outside of City Hall at 200 E. Santa Clara St.. A source close to the negotiations said the deal was close to what was previously reported on San Jose Inside, minus the retirement portion, because the city wants to study actuarial schedules in greater detail.