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House Bill (HB) 2512: pension contributions; expenditure limit exemption
Sponsor: Representative Coleman
Summary: HB 2512 states that a municipality's payment to PSPRS unfunded liability is excluded from their expenditure limitation.
League Position: SUPPORT - The League supports this bill as it allows cities to pay off debt without an repercussions to their expenditure limit.
2/4/2016: HB 2512 passed the House Government and Higher Education Committee by a vote of 6-1.
2/17/2016: HB 2512 passed the House COW.
2/24/2016 HB 2512 passed the Senate Finance Committee by a vote of 5-0. The bill now proceeds to the Rules Committee.