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August 20, 2014, 9:38 am
970 WMAY News

Mayor: Comprehensive Package Needed to Address Pension Liability


Springfield Mayor Mike Houston isn’t taking a stand on any specific proposal to address a widening gap in police and fire pension funding.

 

Houston says a comprehensive package has to be developed, so it doesn’t make sense to commit to one piece of the puzzle before those pieces are all put together.

 

But in an interview for the 970 WMAY News Feed, Houston said additional revenues, including possible tax hikes, will almost certainly have to be part of the mix to address the city’s $230 million unfunded liability.

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