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Escanaba council backs ballot question to repurpose 1965 gas-sale proceeds for pension debt
5764922 · August 8, 2025
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Summary
Council approved a resolution to place a ballot proposal asking voters to remove the capital-improvement restriction on proceeds from a 1965 gas utility sale so the principal could be used to reduce unfunded pension liability.
Escanaba City Council on Aug. 7 approved a resolution to place a ballot proposal before voters that would remove a restriction on the principal from the city’s 1965 gas utility sale, allowing the principal rather than only the interest to be invested against the city’s unfunded pension liability.
City staff told council the principal has been…
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