COLUMBIA, Mo 11/24/14 (Analysis) --
Facing long-overdue scrutiny of the multimillion dollar
balances City Hall squirrels away in over a dozen different accounts, Columbia Mayor
a myth his administration
has nurtured to
make city government look poorer than it is.
He is proposing to pay down the city's so-called "unfunded pension liability"
with $9 million from the General Fund
that pays for critical city services like fire, police, and health.
The proposal comes
just weeks after McDavid insisted Columbia taxpayers increase property taxes
to pay for more police and firefighters. Pension experts, meanwhile, say such moves are unnecessary and may even do harm.
nothing intrinsically wrong with having an unfun...