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Aug 29

Understanding the Town's Long-Term Liabilities

Posted to City Manager's Blog on August 29, 2013 at 5:24 PM by grodericks grodericks

While the Town does not have any "debt," the Town does have long-term liabilities that are accounted for within the Town's Financial Statements, Budgets, and Actuarial Reports. These obligations can be broken down into three categories - Capital Projects, Pension Obligations, and Other Post-Employment Benefits (OPEB). For a brief overview of these issues, check out the most recent City Manager's Blog.

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