Where did the money go in the years the City’s portion wasn’t fully funded?
The City has not made the contribution recommended by the actuary for the four years prior to the current fiscal year. The total difference between the recommended contribution and the actual amount the City did contribute to the Plan is about $10 million in today’s dollars over those four fiscal years. During this period, this General Fund revenue was used to fund other important needs in the City. For example, six new positions were funded to staff new Fire Station No. 12 and new positions were funded for Emergency Communications prior to the passage of a dedicated sales tax for 911. Money also was put toward pay-plan improvements for City employees.
