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AgdaPkt 2019-02-25 Joint SA PFA
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AgdaPkt 2019-02-25 Joint SA PFA
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Last modified
10/2/2020 10:15:52 AM
Creation date
2/21/2019 5:32:56 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/25/2019
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PRELIMINARY 10 -YEAR GENERAL FUND FORECAST - <br />EXPENDITURE ASSUMPTIONS <br />No increase in ongoing staff <br />Benefits costs of existing staff and retirees liabilities will increase <br />faster than revenues <br />Pension costs will continue to increase <br />In 10 years, the annual pension payment will be $43.4 million <br />$19 million more than today <br />Retiree health obligations growing as well <br />Redwood <br />City = 5 <br />
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