PARS NEWS
One-Time Funding. Long-Term Impact.
When a one-time funding opportunity comes along, how can districts make the most of it? For California community college districts navigating rising retirement costs and ongoing budget pressures, these resources can provide an opportunity to build lasting financial value. That’s exactly what San José–Evergreen Community College District set out to do. After receiving Employee Retention […]
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Public Pension Challenges: Section 115 AEPPP Trust’s Role in Risk Mitigation and Strategic Financial Planning
Strategic financial management in local government revolves around the intricate balance of maximizing revenues and judiciously controlling expenses. This delicate equilibrium is crucial for enabling transparent, future-oriented financial planning, providing for resiliency, and ensuring consistent financial resources for improving levels of services provided to citizens. To safeguard this balance, risk mitigation becomes imperative, acting as […]
Public Pension Challenges: The Role of the Section 115 Trust in Risk Mitigation and Strategic Financial Planning
Strategic financial management in local government revolves around the intricate balance of maximizing revenues and judiciously controlling expenses. This delicate equilibrium is crucial for enabling transparent, future-oriented financial planning, providing for resiliency, and ensuring consistent financial resources for improving levels of services provided to citizens. To safeguard this balance, risk mitigation becomes imperative, acting as […]
Making Cents of Implicit Subsidy Liabilities: An Imperative Case for Pre-Funding OPEB in Texas
In the complex landscape of municipal finance, unique challenges constantly arise. Among these, a particularly significant concern for Texas municipalities pertains to Other Post-Employment Benefits (OPEB), specifically the implicit subsidy liabilities. This financial quandary emerges when active employees and retirees share the same healthcare plan, inadvertently leading to inflated average costs for the employer.