Tax issue over unfunded pensions will go to Prescott voters

Posted at 8:54 AM, Feb 01, 2017
and last updated 2017-02-01 11:21:49-05
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 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.