Report Inappropriate Comments

Here we have a Mayor that has been around, how many years, and he CLAIMS that the city has net assets of $53.3 million? What about the unfunded health care liability of approximately $300 Million and never mind the "amortized" portion of the post-retirement benefits due to retired municipal employees, the true number is not the amortized amount BUT the unfunded liability for these employees. From what is shown here, our city has a NEGATIVE NET WORTH of approximately $300 Million and that does not include the liabilities of the water and sewer departments.

Not a good picture.

Roy Dempsey

From: Mayor touts city's financial position

Please explain the inappropriate content below.