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Budget surplus helps trim pension liabilities
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on Nov 11, 2011
With the state bleeding red ink and many California cities and school districts also facing budget woes, the city of Pleasanton has found itself with a $3.5 million surplus as it closed the books on fiscal year 2010-11. That's to the credit of better-then-expected property tax revenue of $48.6 million, albeit only 0.4% above forecast, sales taxes that came in at $18.5 million, well over $1 million better, and other revenues leaving the city coffers with $87,832,845, a 2% gain over projections.
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posted Friday, November 11, 2011, 12:00 AM
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