By ELAINE GOODMAN
Daily Post Correspondent
Despite the Covid-19 pandemic, the city of Palo Alto posted a $34.1 million surplus in the fiscal year that ended June 30, according to a new report.
The surplus is due to the city’s “business-type activities,” which are mainly the city’s utilities such as electric, water and gas. The business-type activities ended the year with a $43.5 million surplus. …
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