A.G. GancarskiJuly 28, 2020
5min535
Finance chair didn't have the votes for the floor amendment.
Tag: Joey GreiveAnchor's away.
A.G. GancarskiJuly 28, 2020A.G. GancarskiMay 19, 2020
3min301
As revenue dried up, payroll costs ballooned.
A.G. GancarskiMay 8, 2020
4min550
$9 million appropriation considered.
A.G. GancarskiAugust 23, 2017
7min249
Jacksonville Mayor Lenny Curry prioritized improving the city’s financial picture as a candidate in 2015, and in 2017 there was strong evidence that happened. The city has strong bond ratings — AA- — and the market’s confidence was reflected in $388 million of offers on $145M worth of bonds this week. Curry noted Wednesday that “demand […]
A.G. GancarskiDecember 7, 2016
3min217
Key Jacksonville officials leave for New York Wednesday, on a pivotal trip for meetings with various bond ratings agencies. 2015’s meetings saw a series of upgrades for the city’s position. Thursday sees meetings with Fitch and Moody’s. Friday offers some time with S&P. Mayor Lenny Curry, Chief Administrative Officer Sam Mousa, CFO Mike Weinstein, and Treasurer Joey Greive will […]
A.G. GancarskiNovember 22, 2016
2min211
In 2015, the city of Jacksonville’s annual bond rating trip to New York City was a success, one which improved the city’s credit ratings and allowed the Lenny Curry administration to trumpet its successes well into 2016. Among the accomplishments: Better Jacksonville Plan sales tax revenue upgrades in February to A+ from S&P and Fitch, with a […]
A.G. GancarskiMarch 21, 2016
7min218
Changes to the way the Jacksonville City Council handles its Banking Fund could be on the horizon. For those paying attention, this has been a long time coming. Back in June, before the Lenny Curry administration came in, there was disquiet in the Finance Committee about the Banking Fund, which had become a loosely-accounted slush fund for projects that […]
A.G. GancarskiFebruary 22, 2016
2min219
The Florida Times-Union reported this month on former CFO Ronnie Belton exploiting a loophole and converting $47,937 of payroll deductions under the defined benefit plan to $165,921 under a defined contribution plan. Belton, who did not have five years of service, did not satisfy the five-year threshold for pension benefits under the defined benefit plan. And his […]
A.G. GancarskiFebruary 19, 2016
10min235
Though it wasn’t an agenda item, interesting talk before the meeting outside the board room included some profound skepticism about the mechanics of the Deferred Contribution plan, upon which the Lenny Curry pension tax/reform proposal is predicated. Asked her position before the meeting, Executive Director Beth McCague noted that, since changes can happen in the bill in […]
A.G. GancarskiDecember 18, 2015
5min179
The Jacksonville Police and Fire Pension Fund Board of Trustees selected Willard Payne as its fifth member on Friday during its final meeting of 2015. Larry Schmitt nominated, noting his experience with the Jax Chamber, the Port Authority, and other boards. “I think his experience and expertise in business dealings would make him a good […]