Wednesday, November 16, 2022
Lake Forest Annual Report --------------- Underfunded Pension LIABILITY $52 million, an increase of $8.5 million.
As of April 30, 2022,***************************************** the City’s net pension liability was $52 million, an increase of $8.5 million compared to the $44 million balance as of April 30, 2021.************
Even though the city contributed another 6 million dollars to pensions,*** we are still sinking financially.***********************************
Lake Forest City Council is Totally Irresponsible to propose a ten million dollar plus, plastic field at Deerpath Community Park.