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Atherton fills revenue shortfall with reserve funds

Original post made on Apr 1, 2009

The Atherton City Council moved to close a projected $1.5 million revenue shortfall with money from the town's reserve fund, augmented by a combination of budget cuts and parcel tax funds.

Read the full story here Web Link posted Wednesday, April 1, 2009, 12:00 AM

Comments (4)

Posted by jude, a resident of Atherton: Lindenwood
on Apr 1, 2009 at 4:46 pm

Many thanks to the old finance director for bulding up such a healthy reserve

Posted by william, a resident of Atherton: Lindenwood
on Apr 1, 2009 at 6:04 pm

In my judgement the Town never did provide a credible explanation as to the reason for terminating the former finance director after he straightened out the town\'s books and cleaned up the bulding department.

Its all the more strange that the Town is blaming him for its current financial problems.

Some things will always remain a mystery I suppose.

Posted by paula, a resident of another community
on Apr 2, 2009 at 9:21 pm

He'd still be there if he hadn't started snooping around the Police Department.

Posted by Connection, a resident of Atherton: West Atherton
on Apr 8, 2009 at 12:11 am

Was there any connection in the former police chief departing and the finance director firing/scandal/lawsuit?

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