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April 18, 2014, 5:36 am

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Houston Plans To Stay The Course On Pensions; McMenamin Disagrees


Springfield Mayor Mike Houston isn’t planning any big changes in the way he approaches police and fire pensions in the next city budget.  But at least one alderman says Houston isn’t taking the problem seriously enough. 

 

The city will pour more than $18 million, or about 20-percent of its operating budget, into police and fire pensions next year, and Houston says any budget surpluses may also be applied to the unfunded liability. 

 

But Alderman Joe McMenamin calls that approach “piecemeal,” and says the city has to get more aggressive about controlling salaries and benefits, as well as putting more money into the pension funds.  [Both appeared live separately on 970 WMAY.]

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