There aren’t a whole lot of people eager to read through the Government Accounting Standard Board’s volume on Accounting and Financial Reporting by Employers for Post-Employment Benefits Other than Pensions.
But two of them are city councilors.
Two Democrats – Kevin McCauley and Kate Matthews – have requested that Mayor Art Ward order the $20.50 books for them to plow through in a bid to better understand the issues involved in the proposal to shift some of the city’s excess pension funds into a fund that aims to pay for post-employment health care for city workers.
Ward told the Press that $20 a copy “may not sound like much,” but expenses add up. He said the city has to pare spending everywhere it can.
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PS: To answer a comment on the story, Ward did not tell me about all of this. I'm quite sure he would have much preferred that nobody knew any of this. I learned about it elsewhere.
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