The annual required payment wasn’t ever enough to adequately fund pensions. Obviously making even the required payment wasn’t a priority. Most of the City Council voted YES on budgets knowing pensions weren’t funded. Now they want to raise gas and/or utility taxes because they couldn’t find cuts in the $169,000,000 budget for pensions. Finances always look better when pensions aren’t funded!
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All the money council wastes on studies would probably more than pay for the shortfall on the pensions without having to raise taxes.