Pension spending continues to strain the city’s general purpose fund, with the retirement system CalPERS expecting the city to contribute to over 35% of their workers post-career savings.
Pension spending continues to strain the city’s general purpose fund, with the retirement system CalPERS expecting the city to contribute to over 35% of their workers post-career savings.
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Key financial pressures include increasing CalPERS Unfunded Accrued Liability (UAL) payments, a downward trend in Sales Tax revenues, and growing contractual obligations for Police and Fire services.
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