Tri-county cities face rising pension costs | Pacific Coast Business Times

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Tri-county cities face budget shortfalls, rising pension costs

By Joshua Molina / Friday, June 2nd, 2017 / Comments Off on Tri-county cities face budget shortfalls, rising pension costs

Santa Barbara cannot afford to replace its seismically unsafe police headquarters, which would cost an estimated $80 million. Rising retirement costs, infrastructure backlogs and a shifting retail economy are creating challenges for tri-county municipal governments looking to balance budgets. As the budget season kicks into high gear in anticipation of a new fiscal year starting…

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