By Mark Gutglueck, includes “Upland Mayor Bill Velto and his four colleagues on the city council are suing the voters who elected them to prevent the city’s residents from objecting to or otherwise contesting city leadership’s intention to issue $120 million in pension obligation bonds later this year. Because of generous commitments made by past city councils going back more than three decades, the City of Upland has an accrued pension debt that is close to three times its annual budget. …”
Read the full article on: San Bernardino County Sentinel (California)