OPINION: Why California cities and counties should act scared by pension payments
Sacramento’s new City Manager is warning city departments that their requests for money from the city’s budget might not go through. The Sac Bee reports that Howard Chan is looking to increase revenue and cut expenses since Sacramento’s pensions’ cost is set to go up over $25 million within the next 5 years. Chan could possibly prevent budget cuts down the line, if his budgets are reined in now.
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