Rosemead Reserves: $21 million

Submitted by RosemeadOne on Thu, 04/15/2010 - 15:11
in

I saw at our last city council meeting that the city's reserve fund is $21 million. Wouldn't that be impossible if, as was claimed by certain current city council members, the previous majority was spending the city into bankruptcy? How did the reserve GROW while this alleged spending spree was going on?

Oh, yeah, I forgot: Some council members think it is okay to lie it if will help them get elected.