The unrelenting topic of conversation at Prescott City Hall these days encompasses the topic of Public Safety Personnel Retirement System (PSPRS) - what is the City’s current liability (it keeps increasing), how to pay it down, how to pay it off, how to minimize the future debt, will the State help take responsibility?
A town-hall style meeting will be held Saturday at 10 AM at the Adult Center on Rosser Street. Prescott Mayor Harry Oberg will talk about PSPRS and the projected shortfall; Leonard Gilroy Director of Government Reform for the Reason Foundation will review pension reforms enacted by Arizona last year by the legislature and voters’ initiative. City Manager Michael Lamar will speak about the City’s steps to review and update City service models.
If You Go:
What: Town Hall Meeting to discuss PSPRS
Who: Mayor Oberg, Leonard Gilroy of the Reason Foundation, City Manager Michael LaMar
Where: Adult Center
Address: 1280 E. Rosser Street, Prescott
When: Saturday, February 4
Time: 10 AM
On Monday, January 29, Arizona State Representatives Noel Campbell and David Stringer spoke to the Council, expressing their concern about the City decision to hire 11 new police and firemen before new PSPRS laws take effect on July 1, 2017. Council members
Council members also heard from Barry Aarons, their legislative lobbyist, who reviewed current issues being proposed at the State Legislature, and how it will affect the City.
Finally, City Attorney Jon Paladini addressed an issue that has been bubbling underneath the surface for several months. Should the City of Prescott declare bankruptcy? Would the City meet the requirements for bankruptcy? What would the consequences be of such a decision?
The next day, Council held another meeting, this time to decide whether or not to place a ballot initiative before the City asking for a sales tax increase to pay off the projected liability. What about other options in addition to taxes? Starting from a list developed by the Strategic Planning sub-committee, each option was considered and prioritized.