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Kingsburg revenue forecast looks steady while CalPERS liabilities rise, city warns
Summary
City staff reported revenues trending slightly higher in sales and property taxes but warned of increasing CalPERS unfunded actuarial liabilities that will raise pension costs in coming years.
City staff presented a revenue forecast and a separate update on CalPERS pension liabilities at the March 19 Kingsburg City Council meeting. Staff said sales and property tax receipts are generally tracking above earlier projections, but the city faces rising pension costs driven by CalPERS funding assumptions and an increasing unfunded actuarial liability (UAL).
City Manager Alex Henderson briefed the council on major revenue sources, saying Bradley‑Burns sales tax…
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