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Fresno ranks second in US for smallest IOUs in future pension payouts

JANUARY 9, 2017 | FRESNO BEE (CALIFORNIA)

By Tim Sheehan, includes “A new report based on city financial reports nationwide ranks Fresno second among the 50 largest U.S. cities for financial health, in terms of unfunded taxpayer burdens for entitlement liabilities. … “The vast majority of the cities we examined don’t have enough assets to meet all their future obligations,” Sheila Weinberg, founder/CEO of Truth in Accounting, said in a written statement announcing the rankings. “But Fresno is in great shape when compared nationally. …”

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