How to Fund PSPRS Liabilities

How should the City of Prescott pay off the unfunded PSPRS liabilities?

Create a new tax on businesses

Increase property taxes

Increase sales tax

If the City were to increase Property Taxes, which would you support:

Increase from .3025% to 1.9763% - pay off in 10 years

Increase from .3025% to 2.6027% - pay off in 7 years

Increase from .3025% to 3.4465% - pay off in 5 years

If the City were to increase the Sales Tax, which would you support:

0.60% pay off in 10 years, with app. $2,914,695 each year from General Fund

0.75% pay off in 10 years, with app. $595,873 each year from General Fund

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