Search Results for: jacksonville

A Florida bill, which is headed to the desk of Gov. Rick Scott, would allow Jacksonville to extend the timeline over which it is required to pay down its unfunded pension liabilities. Florida municipalities have 30 years to pay off their pension debt; the bill would let Jacksonville go beyond that period. The result would … Continue reading Florida Gov. Rick Scott To Decide on Longer Repayment Timeline for Jacksonville Pension Liabilities

Jacksonville Mayor Mayor Lenny Curry last week proposed levying a half-cent sales tax, with the resulting revenue to be used strictly for paying the city’s pension contributions. The measure would have to be approved by voters in a citywide referendum. Details of the proposal, from the Florida Times-Union: The sales tax would run from 2030 … Continue reading Jacksonville Mayor Pushing Sales Tax to Boost Pension Funding

The Jacksonville City Council voted on Tuesday to launch an audit of the city’s Police and Fire Pension Fund. Edward Siedle – who Institutional Investor named last year as one of the 40 most influential people in the U.S. pension sphere – will be conducting the audit. From the Florida Times-Union: Siedle anticipates the audit … Continue reading Jacksonville City Council Unanimously Approves Audit of Police and Fire Pension