Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Escalon council adopts 2025–26 proposed budget; staff outlines strategy to reduce CalPERS liability
Summary
Council adopted the FY 2025–26 proposed budget and heard staff proposals to accelerate payoff of the city's CalPERS unfunded pension liability using additional one‑time payments and investment earnings to reduce long‑term interest costs.
The Escalon City Council on June 16 adopted the city's proposed budget for fiscal year 2025–26 and received a staff presentation on fiscal strategy that included a proposal to accelerate payoff of the city's CalPERS unfunded accrued actuarial liability (UAAL).
Finance staff presented a balanced general fund budget of about $6.3 million for the incoming fiscal year; staff said the budget assumes modestly higher revenues from local taxes and investment income and reiterated commitments to maintain service levels…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
