Friday, June 16, 2017

Unions try to make it harder for local governments to make pension payments

Reposted by Anaheim Signs - A California Electric Sign Contractor

Orange County Sign Maker News from the OC.

A San Bernardino, Calif., water department employee works on 7th Street in the Southern California city Thursday, July 12, 2012. San Bernardino is facing a budget shortfall of $45 million and annual deficits over the next five years. That's even after the city slashed the workforce by 20 percent over the last four years and negotiated $10 million in annual concessions from employees in each of the last three years. The problems stem from weak property and sales tax revenues combined with escalating pension costs and a loss of state redevelopment funds, city officials said. (AP Photo/Reed Saxon)
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Unions try to make it harder for local governments to make pension payments was originally posted by Anaheim Signs - Local Sign Company

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