BH income tax bound for pensions - The Herald Palladium : Local News

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BH income tax bound for pensions

Saunders: If approved, most of the tax would go to underfunded pensions

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Posted: Tuesday, October 15, 2013 6:00 am

BENTON HARBOR - Emergency Manager Tony Saunders is bringing a dose of reality into the debate of how the city income tax revenue will be spent if Benton Harbor voters approve the proposal during the Nov. 5 election.

Because the city's three pension funds are woefully underfunded, he said if the proposal passes he will sign an order directing most of the revenue into the pension funds until they are at least 80 percent funded.

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