finalberkeleyfinancialsustainability

Berkeley will have to reduce spending, according to new report

Due to a projected $4 million increase in the city’s pension costs between 2016 and 2017, as well as unfunded infrastructure and services, the report said, Berkeley will have to cut spending across the board. The report, presented by the City Auditor, reevaluated a 2010 audit on the fiscal effects of changes to employee benefits. Read More…