Regarding public employee pension liabilities and personnel costs, Pleasanton, like many cities, has had a failure in governance. How else would someone describe a situation where a City Council voted in irresponsible employee contracts in the early 2000s, looked the other way and/or downplayed the severity of the problem as it emerged (well before the recession), and only now is taking late and inadequate steps to fix the problem? E.g., both the City Council and management admit that recent contract negotiation actions ensure that the problem will grow. After nearly a decade of awareness of the issue, how can this be?
Read the full story here Web Link
posted Friday, October 12, 2012, 12:00 AM