business news Archives - Long Beach Business Journal
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Council Committee Reviews $1 Billion-Plus In Unfunded Liabilities

During Tuesday’s meeting of the city council’s budget oversight committee, councilmembers Suzie Price, Stacy Mungo and Al Austin discussed a number of issues, including the city’s unfunded liabilities for employee benefits, which currently stand at $1.38 billion, according to a presentation by city staff. Unfunded liabilities are costs already incurred, but not paid for in […]