Tax issue over unfunded pensions will got to Prescott voters

PRESCOTT, Ariz. (AP) - Voters in a northern Arizona city will have the chance to weigh in on a proposed tax hike during an August special election.

The Daily Courier reports (https://bit.ly/2jDda41 ) that the Prescott City Council unanimous voted Tuesday to call a special election for Aug. 29, the same day as the City Council primary. Most council members said they weren’t ready to finalize the particulars of a tax-related ballot measure this week but hope setting a date will push them to come up with a revenue solution.

The city needs more revenue to offset its $78 million to $82 million in unfunded liability with its pension system, the Public Safety Personnel Retirement System.

The council will hold weekly meetings until it works out the details of the ballot wording.

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Information from: The Daily Courier, https://www.dcourier.com