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Pensions could affect borrowing

Liabilities might raise Altoona’s debt

July 14, 2014
By William Kibler (bkibler@altoonamirror.com) , The Altoona Mirror

Reporting rules that will go into effect for 2016 audits could damage credit ratings in municipalities with pension problems, making it more expensive to borrow for capital projects, according to the auditor who delivered Altoona's 2013 audit report last week.

 
 

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