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Mayor announces $1.3 million state payment for retiree Medicare reimbursements, and team heads to Buffalo for DRI Round 9 presentation
Summary
The mayor reported the city received $1,300,000 from the state tied to an earlier Financial Restructuring Board proposal to reimburse retiree Medicare costs; staff also submitted a DRI Round 9 application and will present to the board in Buffalo. The council set two executive-session items for personnel and potential litigation.
The council heard several announcements from the mayor's office. The mayor announced the city has received $1,300,000 from the state, funds described as related to a previously proposed Financial Restructuring Board (FRB) measure intended to reimburse costs tied to getting retirees off lifetime health insurance and addressing Medicare reimbursements. City staff and the…
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