Napa risks bankruptcy unless pensions, benefits reduced

The Napa Valley Register reports:

The city and county of Napa could risk bankruptcy if they do not reduce their generous pensions and post-employment benefits, according to a report by the Napa County Grand Jury.

In order to avoid a fiscal situation like that of Vallejo, which recently filed for bankruptcy, the grand jury said Napa County and the city of Napa must reduce the escalating costs of employee benefits.
The grand jury report also cites a conflict of interest on the part of the Napa County Board of Supervisors and Napa City Council, who are involved in compensation negotiations from which they directly benefit.

According to the report, the city of Napa and Napa County pay 80 percent and 54 percent of their annual budgets respectively for wages and benefits.