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Atherton whittles down unfunded liability with portion of surplus funds

Original post made on Sep 25, 2013

Atherton's unfunded liability debt will be $2 million lighter with the City Council's decision to apply that portion of the town's $4.9 million surplus toward employee retirement obligations.

Read the full story here Web Link posted Wednesday, September 25, 2013, 5:48 PM

Comments (4)

Posted by Huh?, a resident of Atherton: other
on Sep 25, 2013 at 8:52 pm

Even Barack Obama would say that any taxes he proposes are absolutely necessary.

And now this council wants the citizens to commit to a parcel tax, a year earlier than a vote needs to be taken, when the finance committee has concluded the parcel tax is not necessary?

What hubris.

Posted by Shhhhhhsh, a resident of Atherton: Lindenwood
on Sep 26, 2013 at 12:46 pm

Keep that quiet. If word of this gets out then Atherton may not be able to continue overpaying its police officers.

Posted by Michael G. Stogner, a resident of another community
on Sep 26, 2013 at 2:32 pm

This is a good move.

Posted by Good move, a resident of Atherton: Lloyden Park
on Sep 29, 2013 at 8:52 pm

Widmer has been pushing this for three years. Paying lt liabilities is a good thing. Good for Atherton doing the right thing. Do they really a parcel tax???????

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