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Some further clarification... The county's obligation when it comes to pension costs is indeed $23 million. However, because of various reimbursements and an $8.3 million amortization (basically putting off that part of the payment until a later date, with interest) the county is paying $11.8 million at the end of the day. That's where the 14.3 percent figure comes in.
Sorry if this caused any confusion.
Good eye. That's direct from McCoy's speech, but we should have noticed that inconsistency.
Perhaps the simpler way to look at it is to note the county's 2012 budget levies $82 million in property taxes. That makes the Medicaid figure correct, but not the pension costs.
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This is a comment. Huzzah!
Last login: Thursday, October 31, 2013
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