Finance and Taxes

East Lansing’s Council Decided Issuing Bonds to Reduce Pension Liabilities Is Too Risky

Saturday, May 19, 2018

East Lansing’s Financial Health Review Team (FHT) recommended that the City Council consider having the City issue $30 or $40 million in bonds in order to make a lump-sum payment into the pension funds, thus reducing its unfunded liabilities. The goal would be to make the City’s annual required payments more manageable and more stable. Of course, by issuing bonds, the City would incur interest payments for the duration of the bonds.

Council Puts New Income Tax Proposal on August Ballot

Monday, May 14, 2018

East Lansing’s City Council voted unanimously tonight to put an income tax on the August 7 ballot. The proposal looks different from the measure that failed in November, and is aimed at dealing with the City's major financial problems.

Income Tax Looks Likely for August Ballot

Thursday, May 10, 2018

City Council will likely vote on Monday whether to put an income tax on the August 7 ballot. ELi's Jessy Gregg tells you what Council had to say about the issue at last night's meeting.

Public Hearings on New EL Tax Proposals Set for May 9

Thursday, May 3, 2018

Next Wednesday, May 9, City Council will hold public hearings on what (if any) tax proposal to put on the August ballot for East Lansing. ELi's Chris Root explains the draft proposals and tells you how you can weigh in.

Police, Fire, Ambulance Services Facing More Cuts

Wednesday, May 2, 2018

Staffing cuts have left the City’s emergency response levels well below national standards. As more cuts are coming, East Lansing's Fire and Police Chiefs are working to figure out the least worst choices. ELi's Jessy Gregg reports.

Ask Eli: Reducing East Lansing's Pension Costs

Tuesday, May 1, 2018

What has the City of East Lansing done and what it can do in the future to reduce pension obligations and liabilities related to retirement benefits for City employees? ELi's Chris Root has spent weeks digging in to bring you the answer.

Center City Construction Continues, Changing Downtown

Monday, April 30, 2018

ELi's Alice Dreger provides an update on Center City District construction, including where the Art Festival is moving, how Albert Avenue will be reconstructed, what to expect from the new Target store, and why Council authorized funds for a new water main pipe.

ELi Surveys Readers About City's Management

Friday, April 27, 2018

ELi wants to know more about what East Lansing citizens mean when they say the city is on the right track or wrong track, including in terms of financial management. So we've opened a survey.

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