Newsicon1 Crisis in Employee Pension and Retirement Costs declared by Grand Jury

Employee pension and retirement costs were labelled a "crisis" by Yolo County Grand Jury.  "California cities are experiencing an alarming fiscal burden due to increasing expenses and liabilities related to retiree pensions and health insurance. Yolo County’s four cities (Davis, West Sacramento, Winters, and Woodland) are no exception to this retiree cost crisis".  "The Grand Jury found that current and future retiree benefits are putting extreme pressure on other city service priorities (road maintenance and improvements, public works, parks and recreation, public safety, etc.) and revenue sources."  The City of Davis quickly responded to the Grand Jury report (see link below).  

Grand Jury Report

Daily Democrat Article

City of Davis Response to Grand Jury Report

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