• City of Tulare Strengthens Financial Stability with New Pension, OPEB, and Workers’ Compensation Res

    Members

    The Tulare City Council has unanimously approved updates to the City’s Budget Policies and Practices, including:

    • Establishment of an irrevocable Supplemental Pension Reserve Trust
    • Creation of an Other Post-Employment Benefits (OPEB) Reserve
    • Increase to the City’s Workers’ Compensation Reserve
    These proactive measures are designed to address long-term obligations, manage financial volatility, and protect essential city services.

    With these updates, Tulare continues to demonstrate a forward-looking approach to fiscal responsibility, ensuring the City remains on solid financial footing while maintaining critical services for residents and businesses.

    Click here to view the full press release.

    City of Tulare Strengthens Financial Stability with New Pension, OPEB, and Workers’ Compensation Res

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