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Pontiac council demands written clarity on IRS 1099 matter, presses administration on finance leadership and retiree settlement timeline
Summary
Council adopted resolutions asking the mayor for written clarification about an IRS notice tied to late 1099 filings and pressed for updates on the finance director vacancy and an actuarial study tied to a potential $400 monthly stipend for city retirees; administration said the city does not currently owe the IRS and expects actuarial materials to be ready for council review soon.
Pontiac City Council on Tuesday passed multiple resolutions asking the mayor for written updates on the city’s finance operations, an IRS notice concerning late 1099 submissions and the status of an actuarial study connected to restoring a $400 monthly stipend for eligible retirees.
Pro Tem Carrington moved a resolution requesting clarification from the mayor on whether the city owes any funds to the Internal Revenue Service after the administration acknowledged some 1099 forms were submitted after a January 31 deadline. Council members framed the request in the context of a seven-month vacancy…
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