Magic Hour
You are here:  Home  >  Latest news  >  Current Article

Pension costs forcing tri-county cities to make cuts

By   /   Friday, May 18th, 2018  /   Comments Off on Pension costs forcing tri-county cities to make cuts

    Print       Email
The financial burden of pension payments on tri-county cities continues to grow, putting a squeeze on city budgets and raising the specter of cuts in staffing or services. “It’s definitely a burden on our budget,” said Eric Levitt, city manager of Simi Valley, where pension payments will nearly double over the next five years. “We…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.
    Print       Email

About the author

Managing editor

You might also like...

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore announces second recent acquisition

Read More →