Sunday, February 10, 2013

They are coming for Fresno County

Fresno County's pension costs are expected to grow in the coming year -- again -- continuing to tie up more than one of every four dollars at the county's disposal. County leaders have taken steps to address the increasing burden, but their actions are yet to turn around a retirement system in which promises far exceed cash flow. The increase in costs, detailed in a retirement report released last week, has put county administrators on damage control -- trying to absorb the hit in next year's budget while sparing already-underfunded county programs, from unmaintained parks to short-staffed libraries to a scaled-back Sheriff's Office. "It's going to be very difficult for the county over the next few years," Supervisor Debbie Poochigian said. "As pension costs go up, it just takes more of the pie and leaves less for everything else." Read more here: http://www.fresnobee.com/2013/02/09/3167996/pension-costs-still-squeeze-fresno.html#storylink=cpy
And there is the 'complex and delicate' task of fitting Obamacare into this messy pile!
Fresno County's pension costs are expected to grow in the coming year -- again -- continuing to tie up more than one of every four dollars at the county's disposal. County leaders have taken steps to address the increasing burden, but their actions are yet to turn around a retirement system in which promises far exceed cash flow. The increase in costs, detailed in a retirement report released last week, has put county administrators on damage control -- trying to absorb the hit in next year's budget while sparing already-underfunded county programs, from unmaintained parks to short-staffed libraries to a scaled-back Sheriff's Office. "It's going to be very difficult for the county over the next few years," Supervisor Debbie Poochigian said. "As pension costs go up, it just takes more of the pie and leaves less for everything else." Read more here: http://www.fresnobee.com/2013/02/09/3167996/pension-costs-still-squeeze-fresno.html#storylink=cpy
Delusionals in DC simply have no clue.

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