But, report says there is still room for improvement.
A
new Grand Jury report shows that Santa Barbara County, and its eight cities
have improved their ability to meet the financial obligations tied to employee
pensions.
In
2018, a Grand Jury found that some of the county’s governmental agencies had
pension plans which were on shaky financial ground.
The
new report says while there are continued risks, the funds appear to be in much
better shape, with no immediate concerns..
It
notes that some agencies are in better shape than others. The report says Santa
Barbara County, as well as the cities of Buellton, Carpinteria, Goleta,
Guadalupe, and Solvang are on the most solid ground.
It
says Lompoc, Santa Barbara, and Santa Maria are at higher risk levels.
The
Grand Jury is recommending that all of the agencies develop and publish plans
to show employees their efforts to meet pension obligations, as well as to show
the public how they will balance that with the costs of providing public
services.
KCLU
By Lance Orozco
December 6, 2021
No comments:
Post a Comment