Pension Initiative To Appear On Phoenix Ballot
The Phoenix City Clerk has determined there are enough valid signatures on an initiative submitted by a political committee called Responsible Budgets.
The group — supported by Councilman Sal DiCiccio — wants to end taxpayer supported pensions for elected officials. It also wants to keep the city’s budget from growing faster than population and inflation and require extra revenue go to paying down pension debt. That debt, also called its unfunded liability, is about $4 billion and its money Phoenix owes its current and future retirees.
The city council must set an election date which should be Aug. 27, 2019, which is the date already set for another initiative to use light rail expansion money on other projects. The ballot wording for both initiatives must still be determined.