Rising Pension Costs Creating County Budget Shortfalls

Ventura County government is facing deficits of $6 million to $14 million annually over the next three years because of mounting retirement costs. The projections presented Tuesday to the county Board of Supervisors show that annual pension contributions will grow from $151.7 million this fiscal year to almost $226 million in 2017-18.

Sections:  u.s.   
Topics:  California   Ventura County   Camarillo   
RELATED ARTICLES
BING NEWS:
  • Bergen County OKs 2024 budget. Here's what it means for residents
    A breakdown of the budget shows 27% is going toward statutory and state mandates, such as health insurance and pension payments and 23% is going toward community safety, which includes the Sheriff's ...
    05/2/2024 - 9:54 pm | View Link
  • County Budget FY 2025
    This year presents one of the toughest budget challenges since I took office. We're still recovering from the pandemic, facing increasing demands for County services, flatter commercial property ...
    04/30/2024 - 1:00 pm | View Link
  • Tackling rising costs
    As developers and contractors grapple with compressed margins due to rising construction costs, ultimately, what will this mean for the end-user?
    04/25/2024 - 1:00 pm | View Link
  • Cumbria businesses face growth challenge due to rising costs
    Cumbria businesses are reporting that increased costs are the major challenge impacting their growth prospects. This concern was expressed by 50 per cent of the businesses, as per the latest ...
    04/24/2024 - 5:59 pm | View Link
  • Majority of Brits still planning family holidays despite rising costs
    New research from Legal & General has revealed many Brits are still prioritising family holidays, despite rising costs and financial pressure amidst the cost-of-living crisis. The research found ...
    04/22/2024 - 6:26 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News