http://ozarkspub.vo.llnwd.net/o37/KSMU/audio/mp3/lawmakersa_1775.mp3
Missouri lawmakers have sent to the governor's desk what they hope will be a fix for the Springfield police and firefighters pension fund. KSMU's Missy Shelton reports.
The provision is part of a retirement bill and is the result of negotiations with the city, firefighters and police. It allows the city to ask voters for a sales tax increase of up to one quarter of one cent to make the fund solvent within five years. The measure allows the city to make multiple attempts at getting the tax passed. If the tax doesn't pass and the fund is still in trouble, there are consequences. Republican Representative Jim Viebrock of western Greene County.
A city spokeswoman says Springfield can live with this measure and describes it as a compromise. She says the next step is for city council to consider its options for putting it on the ballot.
There was bi-partisan support for providing this tax option for the city.
Democratic Representative Sara Lampe represents portions of Springfield. She says this legislation enables the city and its citizens to keep their promise to police and firefighters.
As to whether or not this tax increase will be a tough sell to voters, Viebrock says it's a responsible way for the city to fulfill its obligation.
The sales tax increase for the pension fund would not be permanent...If voters approved it, they would have the opportunity to re-consider the tax every five years.