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Personnel costs and the sheriff’s contract account for a staggering two-thirds of American Canyon's projected expenditures, raising critical questions about financial sustainability.

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#AmericanCanyonNapaCounty #CA #CitizenPortal #LongTermLiabilities #OperationalEfficiency
Pension, OPEB and contract costs make up majority of American Canyon spending, staff say
City staff told the subcommittee personnel and the sheriff's contract account for roughly two-thirds of projected expenditures and cited CalPERS UAL (~$12M) and OPEB (~$4.3M) as notable liabilities to monitor while recommending operational efficiencies to manage pressures.
citizenportal.ai
September 4, 2026 at 8:55 AM
citizenptnewspa.bsky.social
Edward Arnold warns that the true scale of U.S. debt is like an iceberg, with hidden liabilities lurking beneath the surface, far exceeding the headline figures we see.

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#PA #PennsylvaniaFiscalPolicy #PublicDebt #CitizenPortal #LongTermLiabilities #FiscalResponsibility
Arnold warns U.S. debt headlines understate long-term liabilities: 'it's like an iceberg'
Edward Arnold told listeners that headline debt totals undercount long-term liabilities and characterized the broader fiscal picture as an 'iceberg' with hidden obligations far beyond the public debt figure.
citizenportal.ai
July 29, 2026 at 5:22 PM
citizenptnewsnd.bsky.social
Fargo's finance team reveals a staggering $1.3 billion in long-term commitments as new accounting standards shake up how we view city obligations!

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#FargoCassCounty #ND #CitizenPortal #FargoFinance #GASBChanges #FinancialTransparency #LongTermLiabilities
Finance staff: $1.3 billion of reported commitments under current accounting standards; GASB changes bring leases onto balance sheet
Finance staff rolled up the city's long-term commitments to a figure staff associated with the current reporting cycle and explained recent GASB lease/subscription reporting changes and pension liability recognition that affect the long-term picture.
citizenportal.ai
July 24, 2026 at 2:30 PM
citizenptnewsmn.bsky.social
Minnesota lawmakers are diving deep into the state’s financial health, revealing critical insights about credit ratings and long-term liabilities that could shape the future of fiscal responsibility.

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#MN #FiscalResponsibility #LongTermLiabilities #MinnesotaFinance #CreditRatings
Senate assesses Illinois' A-minus credit rating and pension debt implications
Senators evaluate Illinois' credit rating amid concerns over high pension liabilities.
citizenportal.ai
March 5, 2025 at 12:56 PM
citizenptnewspa.bsky.social
Mifflin County School District's recent audit reveals a clean financial opinion, but a looming $84 million in long-term liabilities raises critical questions about future planning.

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#PA #LongTermLiabilities #EducationFunding #CitizenPortal #PennsylvaniaSchools
Mifflin County SD audit: clean opinion despite long-term pension and OPEB liabilities
Auditor Dan Bradley told the school board the district received an unmodified ("clean") opinion for the year ended June 30, 2025, while noting large long-term pension and OPEB liabilities that widen the accrual-basis deficit but do not affect near-term cash operations.
citizenportal.ai
December 24, 2025 at 12:11 AM