fpoa

Joe Moore / Valley Public Radio

The City of Fresno has reached an early contract agreement with the union representing Fresno police officers. If ratified by the members of the Fresno Police Officers Association, the deal would extend the current contract to 2017.

It would also include a two percent salary increase in 2015 and another in 2016. The city would pay 75 percent of employee health care costs, with any future increases shared equally between the city and the union. It would also increase the amount current employees pay for retiree pensions by two percent. 

The Fresno City Council voted Thursday to spend $50,000 to hire a consultant who will examine the possibility of consolidating city and county law enforcement. The council also established a special sub-committee to examine the issue.

Could the City of Fresno follow Stockton, Mammoth Lakes and San Bernadino in declaring bankruptcy? According to Barron's, Wall Street experts remain concerned about Fresno's financial position, thanks to the city's long term labor contracts and limited revenue options. They say the downsides of filing for Chapter 9 protection will likely serve as a deterrent for most cities, but Fresno's case is still a concern.