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Phoenix, Mesa earn ‘D’ grades in financial health review

JANUARY 25, 2018 | by Jessica Boehm | AZCENTRAL

By Jessica Boehm, includes “Cities often consider their budgets 'balanced' even though they have millions — and sometimes billions — of dollars in unfunded pension and retiree healthcare liabilities, because they consider it a debt that can be paid down the road. That's 'phony government accounting,' Weinberg said. 'Would you consider your budget balanced if your credit-card balance increased?' she said.”

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