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September 20, 2014, 3:02 pm
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The Council Roundup

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PILOT Money for Pensions to Be Changed Before Vote


The plan to give Springfield public safety pensions a cash infusion will be reworked before aldermen vote on the measure next week.

 

Ward 7 Aldermen Joe McMenamin says he will bring out an amendment that will cut the plan in half and only give one-million-dollars to police and fire pension funds, instead of the originally planned two-million-dollars.

 

City officials say excess Payment in Lieu of Tax money may not be as strong in the future.

 

The City Council meets Wednesday of next week.

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