Return to the data in P. 11€7 on Riverside and Lakeview. Suppose Riverside has unfunded pension liabilities of $15 million and another $15 million in retiree health care liabilities. By way of contrast, Lakeview has unfunded pension liabilities of $4 million, and $13 million in retiree health care liabilities. Incorporate this information into the cities' debt analyses.
Data From P.11-7

1. How does including these liabilities alter your initial analysis?
2. What conclusions can you draw about the cities' unfunded pension and retiree health care liabilities?

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Lakeview dollar amounts in thousands) 96,000 1,420 170,000 102,000 174,000 15,000 12,000 1,000 32,000 1,620,000 Riverside Population Number of employees Total operating revenues Property tax levy Total operating expenditures Cash, investments and receivables Current liabilities Unassigned general-fund balance General obligation debt Total appraised value of property 92,000 1,050 $120,000 83,000 112,000 27,000 9,000 7,000 21,000 965,000