Recorded 7/16/2015. I’m a bit unclear regarding debt in the video. All figures discussed here are from the city comptroller. The unfunded liability is approximately 100 million, has been addressed for new employees, but there are things we could change for current employees. The comptroller feels this number is high for a city of our size. When I mention one billion dollars, that’s the total debt of Grand Rapids. Since this was recorded I received information, again from the city comptroller, which indicates total debt is approximately $1.1 billion.
And, finally, I meant to say, “the city has a strong city manager, weak mayor form of government”.
The video is shown here.
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