Gresham-Barlow points to PERS and decade-long enrollment slide as primary pressures
District finance staff told the Budget Committee PERS obligations (about 11% of the budget, 17% of payroll) and steady enrollment declines over the past decade are the central drivers of the coming budget shortfall.
The full story
District finance staff used the Budget 101 presentation to explain how pension obligations and enrollment trends constrain the budget. Pete Bejarano said PERS costs account for roughly 11% of the overall budget and about 17% of total payroll, and that recent market returns and actuarial adjustments have pushed employer rates up substantially.
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