California public agencies continue to be pressured by financial challenges caused by the recessions, pension liabilities, changing workforce requirements, economic shifts, deferred capital replacement and changes in reliable revenue streams. Include environmental factors such as fires, floods, earthquakes and drought and new demands on local government continue to increase. The Pension & Fiscal Sustainability Practice assists local agencies in clarifying these demanding challenges and helps to develop solutions to enhance long term fiscal sustainability through long-term financing planning, prudent capital funding solutions and risk assessments.
Our approach focuses on translating complex material for all stakeholders into easy to understand presentations, reports and other educational materials, developing user-friendly and dynamic long-term forecasting models, and evaluating/implementing targeted pension cost management and alternative UAL repayment strategies.