By Bill Bergman, Truth in Accounting, includes “There are two reasons you can just barely see the $44 million black slice. First, you shouldn’t even see it at all – when you use $44 million in the software, it doesn’t even show up in the chart. We had to fake it with a much bigger number to get it to show up. That’s because of the second reason — $44 million is a very, very small amount of money compared to the $100.5 billion the state needs to fund its unfunded retirement pension obligations.”
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