From The Riverside Press-Enterprise:
Riverside County’s experience illustrates the challenges current pension rules present for local governments. A budget report this week projects a $39 million deficit in the sheriff’s $554 million budget by the end of this fiscal year. The county says that part of the shortfall stems from the costs of the state’s realignment program, which shifted so-called “low-risk” felons and parolees from state oversight to county control. And supervisors also agreed to increase police patrols in unincorporated areas, at higher expense. But a significant share of the red ink stems from pension reforms the county enacted last year, which required employees to pay more toward their own retirements.
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