City of Chico exploring new options to cut the threat of possible bankruptcy
City of Chico exploring new options to cut the threat of possible bankruptcy As pension debt grows, the city is looking at considering at least one pension bond. This could potentially help the city refinance its outstanding debt. Posted: Apr 27, 2021 5:56 PM Updated: Apr 27, 2021 5:56 PM Posted By: Dani Masten CHICO, Calif.- The City of Chico has been working with CalPERS, the pension government program for many years. Councilmember Sean Morgan said he believes the program has invested poorly over the past year and now the city is feeling the consequences. "What they do when they do bad in...