Tag: Pension

A.G. GancarskiAugust 10, 2016
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4min185
On Thursday, the Jacksonville City Council Finance Committee begins seven days of deliberations of the mayor’s budget, meetings that will sprawl out over the next 15 calendar days. Lenny Curry‘s budget was by and large flat, with enhancements for public safety, and drainage projects in traditionally underserved communities. The enhancements, as we wrote last month, include: — […]

A.G. GancarskiJuly 18, 2016
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3min247
Bill McClure, a Republican running in Florida’s 4th Congressional District, has messaged heavily during this campaign against both Jacksonville’s referendum to extend a current half-cent tax to address the unfunded pension liability, and against public pensions in general. The latest example of his rhetoric, “When elected to Congress I will decline all congressional pension benefits ... […]

A.G. GancarskiJuly 5, 2016
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9min224
On Tuesday, the Jacksonville Mayor’s Budget Review Committee performed an omnibus wrap up session, as budget review ends Wednesday. The usual players were analyzing the budgets: Chief Administrative Officer Sam Mousa, CFO Mike Weinstein, and Chief of Staff Kerri Stewart. The Tuesday session dealt with the “short list” of potential enhancements, bolstered by some small increase in property tax revenues, […]

A.G. GancarskiMay 2, 2016
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3min182
In a drama-free move, the Jacksonville City Council Finance Committee approved a bill authorizing a referendum on extension of the half-cent sales tax on Monday. Bill 2016-300 passed unanimously as an emergency measure. CFO Mike Weinstein noted that the referendum would close the three existing pension plans, which created the $2.7 billion unfunded pension liability. “The beauty […]

Associated PressFebruary 24, 2016
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1min224
Public employees will get steered away from Florida’s pension plan under a bill approved by the Florida House. The House voted 72-38 for a measure that would automatically place newly hired public employees in an investment 401(k) plan if the employees failed to make a choice within eight months of starting their jobs. The legislation […]

Melissa RossJanuary 11, 2016
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5min311
The Jacksonville City Council meets Tuesday, and the entire 19-member body has sponsored a new bill that would repurpose the Better Jacksonville Plan with a half-cent sales tax to pay down the city’s massive unfunded pension liability. Jacksonville Mayor Lenny Curry says he’s willing to ask the voters to approve the idea with a referendum.  […]

Phil AmmannNovember 23, 2015
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3min385
Florida’s Republican-led Legislature once again have the state’s pension program in its sights, with a renewed effort to close enrollment to new members and move them to a defined-contribution system, much like a 401(k). As reported by Arek Sarkissian of the Naples Daily News and published Legislative IQ powered by Lobby Tools, the  unwritten proposal […]

Melissa RossApril 10, 2015
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3min146
The latest salvo in Jacksonville’s long-running battle over its pension problems comes from City Councilwoman Lori Boyer. Boyer has filed legislation that would reduce pension benefits for police and firefighters that are hired on starting Oct. 1. It’s an aggressive move and apparently the first time someone on the council has filed a measure stating […]


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