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Sacramento City Manager: Pension Costs Causing Budget Shortfall



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(Sacramento, CA)
Monday, April 29, 2013

Shirey says Sacramento has lost some federal grant monies, but about half of the shortfall is caused by City contributions to law enforcement pensions,  "Our problem is that our expenses continue to outstrip our revenues and that's due mainly to employee costs and -most particularly- pension costs."

Shirey says five-million dollars of the shortfall would be made up if the police officers, sergeants and other smaller unions agree to pay into their own pensions.

Shirey says other California cities' economies have rebounded faster than Sacramento's, but the city sales and property tax revenues did increase by $2.7 million.

The city's budget also includes tax revenue generated by Measure U.  That money will restore 144 police and fire department positions and nearly 76 positions for the operation of 11 swimming pools and 5 wading pools.

The public hearing process on the budget begins May 7.  Final adoption of the budget is

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