When in doubt, cornered by the facts, or when his stammering gets too intense….. Mayor Phil Guenther can always fall back and punt to Fred Scerni, our highly qualified City Solicitor. At times, it seems like Mr. Scerni is not fond of bailing out Guenther and his wing-man; Councilman Simpson. […]
Brigantine Spotlight: City Solicitor Fred Scerni Read More »
The Mayor of Brigantine gets a lesson on what an unfunded liability is. Watch Video. Definition: The amount, at any given time, by which future payment obligations exceed the present value of funds available to pay them. For example, a pension plan’s payment obligations, including all income, death and termination benefits owed, are compared to the plan’s present investment experience, and if the total plan obligations exceed the projected plan assets at any point in time,
Unfunded Liability. Mayor Gets Schooled by Councilman DeLucry Read More »
