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August 30, 2014, 11:13 am
970 WMAY News

Houston: New Revenue May Be Needed To Fix Police, Fire Pensions


Mayor Mike Houston says it may very well take some “revenue enhancements” for Springfield and other Illinois cities to get out of the big hole being caused by police and fire pensions. 

 

A group of Illinois mayors is calling on the General Assembly to approve pension changes to help close the pension funding gap, which is more than $230 million for Springfield alone.  Houston says the way to do that is still under discussion… and he’s not advocating any specific changes to benefits. 

 

But in an interview for the 970 WMAY News Feed, Houston said benefit changes alone probably won’t get the job done… and says the city will have to find more revenue to apply to those pension funds.

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