This page contains a single entry from the blog posted on December 26, 2008 6:14 AM. The previous post in this blog was A Christmas carol. The next post in this blog is Another great deal for Portland. Many more can be found on the main index page or by looking through the archives.

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Friday, December 26, 2008

Slight delay in the bad news

The actuarial estimate of the City of Portland's huge unfunded liability for police and firefighter pensions has been delayed. Originally scheduled to be released this month, the dreaded number is now "expected the end of January," according to a spokesperson for police and fire disability and retirement fund. Our city debt clock (in the left sidebar) currently has the unfunded liability at almost $2.5 billion, and growing.

Comments (2)

Speaking of news delays, where's that Bristol baby?

Is this new number going to be inline with the requirements of the GASB, or is this going to be another one of those fudged numbers? Can't wait to find out.

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