2018 Council Slush Fund

It is time once again for the City Council to disperse its 2018 slush fund. This year there is $1,805,639 in the fund which is a result of over taxing the citizens. In other words, the City collected more taxes than they planned on just a few short months ago.

The use of these funds will be discussed at the Council workshop today 4/10/2018 at 3pm. Here is what the staff recommends.

One might ask why the employees pension fund does not receive any of this, since they are NOT 100% funded.

In fact, here is a partial list of City unfunded liabilities.

Click to enlarge

Of course the City could return the excess money to the taxpayers or accelerate the payment of debt. So many choices. Will the Council spend the excess funds according to your wishes?