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Payson council directs majority of 0.88% revenue to PSPRS unfunded liability in 5–1 vote
Summary
The council voted 5–1 to formalize allocations for the town—s 0.88% revenue measure, directing a proposed 60% of those funds to pay down the PSPRS unfunded liability and establishing sunset and allocation language to be tracked by staff.
The Payson Town Council voted 5–1 to approve a resolution amending the distribution of the town—s 0.88% sales tax allocation to direct a majority share toward the town—s Public Safety Personnel Retirement System (PSPRS) unfunded liability.
Under the approved language discussed at the meeting, council debated directing 60% of the 0.88% revenues to additional payments toward…
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