Big changes ahead for library system
3
The library system may get a dedicated funding source — one that taxes city and county residents equally — but it will leave city control as a result.
Police officers to consider new contract
The officers' bargaining unit of the Fraternal Order of Police has agreed to terms they will now take to the rank and file for ratification.
City, AFSCME reach agreement
In exchange for a reduction in pension benefits, union employees will see a 10% wage increase over three years and a DROP extension.
Mayor issues open letter about pensions
The mayor wrote an open letter saying his plan to solve the pension crisis is coming soon.
Pension boards reach settlements with Merrill Lynch
Two of the city's pension fund boards were advised by their attorneys yesterday that a settlement had been reached with Merrill Lynch, the terms of which are confidential.
Fitch affirms ‘AA’ rating of Maritime Park bonds, calls City pensions a risk
Fitch Ratings has affirmed the City of Pensacola's $45.6 million in bonds for the Community Maritime Park as 'AA', but cites concerns about high pension costs and obligations.
