About Finance
Audit: Johnstown in better financial shape The City of Johnstown finished in the black for the fifth consecutive year during 2020. All three of its pension plans are now funded at more than 90%. Those two factors led Joel Valentine, Wessel & Company’s chief executive officer, to say, “It’s the best financial condition the city’s been in since I’ve been involved with them,” after he delivered the preliminary annual audit to City Council during a regular monthly meeting on Wednesday. Valentine said the overall improvement is “good for the long-term investment in the community.” “It makes it
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