Pension costs forcing tri-county cities to make cuts

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Pension costs forcing tri-county cities to make cuts

By Tony Biasotti / Friday, May 18th, 2018 / Comments Off on Pension costs forcing tri-county cities to make cuts

The financial burden of pension payments on tri-county cities continues to grow, putting a squeeze on city budgets and raising the specter of cuts in staffing or services. “It’s definitely a burden on our budget,” said Eric Levitt, city manager of Simi Valley, where pension payments will nearly double over the next five years. “We…

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