PHOENIX – Pension reform continues to be a hotbed issue for the city of Phoenix, with two councilmembers expressing reservations over a reform proposal set to appear on the November ballot.
Councilmembers Kate Gallego and Daniel Valenzuela expressed concern over the Phoenix Pension Reform Act on Tuesday, saying the proposal is vague, inconsistent and will end up costing tax payers more money.
Gallego said she believes the proposal will be contested in court and end up costing the city high legal fees.
“We will be sued, there’s a lot of precedent, we will lose and it’s not fair to tell taxpayers that they’re going to save that money when they’re not,” she said.
Supporters of the Phoenix Pension Reform Act maintain the legislation would save taxpayers money by phasing out city employee pensions in favor of 401(k)-style retirements, however Valenzuela said they estimate the initiative could cost the city at least $350 million just to make the switch.
“(It) probably will be much, much higher than $350 million,” he said. “Once we get past that initial cost of at least $350 million, will there be a saving? The answer is yes, the question is how do we pay for this $350 million plus to get there?”
Gallego and Valenzuela said they both want transparency on the ballot and for taxpayers to be informed when voting, so the language of the ballot needs to reflect the potential $350 million cost.
“All I’m asking for, all we are asking for is transparency,” said Valenzuela. “It’s not fair to say that we want transparency and then give half the information. We need to put all the information out there.”
The council will vote Wednesday to finalize the language of the initiative that will appear on the Nov. 4 ballot.
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them
- Today's radiation treatments offer better success, fewer side effects
- Tips to make watching TV on the patio even better
- What really happens when you donate to a community college?
- Sun and skin cancer: Separating fact from fiction
- 5 critical lifestyle changes for a healthy colon