Danville’s new acting mayor, Rickey Williams Jr., used the occasion of his first meeting to introduce a proposed new city tax levy. Williams says he did not like the proposed 11-percent hike proposed earlier, so he asked the city comptroller to re-figure some numbers…
Williams adds there would also be an adjustment in the Public Safety Pension Fee….
City Council members heard from a financial consultant at Tuesday evening’s meeting regarding pension fund investments. Alderman Steve Foster said the more the city puts into the pension fund it seems the worse the shortage becomes. ‘’Someone needs to look into this,’’ added Foster. Alderman Steve Nichols agreed that no matter what the city does to try to catch up the pension funds, it seems the further the city gets behind.
