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Perris paid off $14.3 million in pension debt, while other California governments struggle with it

JANUARY 16, 2020 | by Beau Yarbrough | THE PRESS ENTERPRISE (CALIFORNIA)

By Beau Yarbrough, includes “In October, the Perris City Council unanimously voted to pay off $14.3 million in unfunded pension debt, according to Finance Director Ernie Reyna. To put that in perspective, the city’s general fund two-year budget for fiscal years 2020 and 2021 is $51.4 million. ‘We’ve been paying portions of that off every year, paying off the interest,’ Reyna said …”

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