CalPERS

Tyler Pratt/KCBX News

San Luis Obispo city officials gave the second annual “State of the City” address Thursday. Mayor Heidi Harmon and City Manager Derek Johnson touted plenty of accomplishments in 2018, but also shared some financial uncertainty about the year ahead because the city is facing a liability of $150 million.

Brown admin's untried proposal could save billions on pensions

May 19, 2017
Coolcaesar

UPDATE as of May 19, 2017: An earlier version of this story posted on the KCBX website incorrectly conflated Gov. Brown's proposal with cities' pension costs. KCBX News has removed the first two paragraphs that were initially added to Ben Bradford's story and published here on May 17, 2017 under the headline, "Could Gov. Brown's pension proposal help Central Coast cities?" Those additions concerned future budget gaps faced by the cities of Morro Bay and San Luis Obispo due in part to increased pension liabilities. Please scroll down to the end of this article to read more on why cities' pension costs are unrelated to the Governor's proposal. We regret the error.