The city and county of Napa could risk bankruptcy if they do not reduce their generous pensions and post-employment benefits, according to a report by the Napa County Grand Jury.
In order to avoid a fiscal situation like that of Vallejo, which recently filed for bankruptcy, the grand jury said Napa County and the city of Napa must reduce the escalating costs of employee benefits.
The grand jury report also cites a conflict of interest on the part of the Napa County Board of Supervisors and Napa City Council, who are involved in compensation negotiations from which they directly benefit.
Tuesday, July 01, 2008
Napa risks bankruptcy unless pensions, benefits reduced
Overpaid Government Worker reports: