OUR VIEW: Pension dispute goes far beyond any city hall
Stats on Fire and Police pensions in Streator and Ottawa. Peru is not mentioned but we have already put those stats out there.
This is important to know about in comparison to the big noise about campaign signs which were blatantly violated by the current sitting aldermen in the last election where some of their own seats were in jeopardy. Don't forget about the aldermen walking door to door to save the seats of the currently seated members. Who would want to run and face that road block of unwelcoming old members. Wonder why so few are running for the Peru City Council, that is not hard to figure out.
8 comments:
The power people have blamed the previous Mayor for the pension Debt. However two Alderman were power people under that mayor and are still are in power today. Likewise, my question is what has been done in the last eight years to lower the pension Debt? The 14 million dollar debt needs paid back by 2040. In addition an increase in funding needs paid in as well. What option have the elected officials picked to pay the pension shortfall back? Will Peru have a higher property tax and/or will they take over the Parkside Sales tax when it ends?
What about the infrastructure sales tax that was only supposed to be for 5 years? What will (or is) that be used for?
If you want answers, why are you asking here? It looks like if you really wanted answers you would talk to someone at the city. I would start with Justin Miller the finance director. None of this is a secret but the pension debt is the only property tax the city has.
The Peru Police Pension mismanagement must be a huge secret because the subject has never been mentioned in any open meeting that I can find on the city website. So when is it being discussed and what is the plan to deal with the 14,000,000 shortfall in funding?
The infrastructure tax expires this year. Was o my a five year deal .
Yes the infrastructure tax is supposed to expire this year .
11:11 We can be pretty certain that it will not expire so my question is will we use it to fund the police pension? or what?
The tax was for infrastructure so legally only can be used for same. But this town doesn't Normally do stuff legally.
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