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Monthly Archives: January 2014

Cities’ pension obligations get more public exposure under new rules

The balance sheets of Arizona cities, towns and counties will look very different next year simply because of changes in some key accounting rules. While accounting rules generally do not raise the interest of taxpayers, the new accounting standards on public pensions will require local governments to publish their long-term pension obligations. Addressing the long-term costs of public pensions has been a major focus of many conservative groups and this new disclosure may add new fuel to their interest.

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