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June 20, 2024
Loses that we experience in the pension fund during the last economic recession. This number, the 42 million im expecting based on the rates that retiree, retirement board just adopted to be less by 11 million. So instead of a negative 4 million cost to the general fund, we learned last week that it will be closer to 31. All of these assumptions are detailed in much greater detail in the report itself. Other departmental cost citywide. The projection in front of you assumes that Capital Equipmen...
June 20, 2024
Then our retirement cost continuing to grow through the next fiscal year to account for the loses that we experience in the pension fund during the last economic recession. This number, the 42 million im expecting based on the rates that retiree, retirement board just adopted to be less by 11 million. So instead of a negative 4 million cost to the general fund, we learned last week that it will be closer to 31. All of these assumptions are detailed in much greater detail in the report itself. Ot...
June 20, 2024
Happening over Labor Agreement and what are we projecting for planning purposes. In the first year we are not assuming any Cost Increases there and as i mentioned to you before, i think thats appropriate for planning purposes, but there is some risk. We dont know what will happen with our negotiations. The second section really highlights for you what is happening on our benefit cost. The first two related to health and dental benefits continued growth there. We are as i mentioned hopeful that t...
December 6, 2023
The transformation of Farnworth town centre has been put sharply into focus by a time-lapse video showing ongoing building work.
May 25, 2023
Across the Huron River across from Eastern Michigan University, mounds of dirt and construction equipment now mark the future site.