A Springfield Alderman says the time is right to use an excess of money in city coffers to help pay down public safety pensions, but the Houston Administration says they’re remaining cautious.
Ward 7’s Joe McMenamin says the excess of more than $2 million in Payment in Lieu of Taxes, or PILOT, from the public utility should be split between the unfunded liability for Police and Firefighters.
But, Budget Director Bill McCarty says there are too many uncertainties in the future.
McCarty says beyond the potential $1.5 million EPA bill, and more than half-a-million unbudgeted for a new fire truck; there is also a loss of money from a telecommunications tax and other revenue lines.
Alderman will debate the ordinance Tuesday during the Committee of the Whole.