THE CEN­TRAL CALIFORINIA CITY OF

The Bond Buyer - - Front Page -

Chowchilla is plan­ning to is­sue pen­sion obli­ga­tion bonds to cover its $10.2 mil­lion un­funded li­a­bil­ity. The small town of 18,000 res­i­dents, about 40 miles north­west of Fresno, is the lat­est Cal­i­for­nia city look­ing to the strat­egy – which the Gov­ern­ment Fi­nance Of­fi­cers As­so­ci­a­tion has cau­tioned against – as a way to ad­dress its grow­ing re­tire­ment costs.

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