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Atherton grapples with town's 'unfunded liability'

Original post made on May 8, 2010

In the short term, the town of Atherton must wrestle with a projected $1.2 million revenue shortfall as it crafts its 2010-11 budget. But it's the long-term outlook, which is clouded by an unfunded liability that has reached nearly $8 million, that has some Town Council members even more troubled.

Read the full story here Web Link posted Friday, May 7, 2010, 11:03 AM

Comments (1)

Posted by Joseph E. Davis
a resident of Woodside: Emerald Hills
on May 8, 2010 at 8:40 am

The city manager's recommendation is an outrage. What more can be said?

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