Panel need to hold its horses?
Finance advisers: Surplus of Crundwell money not likely, debts will be paid first
DIXON – City financial advisers Stan Helgerson and Dave Richardson came to the City Council meeting Monday with a message: Slow down.
There’s a notion out there that there will be a surplus of money coming to the general fund from the sale of assets belonging to – and money no longer being pilfered by – Rita Crundwell, the former comptroller who stole nearly $54 million from the city over two decades.
The sale of her assets so far have generated only about $7 million. That won’t nearly cover the money owed to various city funds depleted, it is assumed, by Crundwell moving money from one pot to the next string of thefts and misdirections that has yet to be unraveled.
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