Council Discusses Retirement System - WSET.com - ABC13

Council Discusses Retirement System

Posted:

Reporter: Mark Kelly | Videographer: Parker Slaybaugh

Lynchburg, VA - Lynchburg City Council Member Turner Perrow said Tuesday the Virginia Retirement System is an antiquated system that must get fixed.

But Perrow's not the only one frustrated with VRS. Council member Jeff Helgeson says VRS is completely unsustainable.

This frustration follows a report from Manager Kimball Payne Tuesday about the VRS reform legislation coming out of the state legislature.

Payne recommends council budget this year for a higher VRS rate so Lynchburg doesn't just kick the VRS can down the road.

As for Heritage High School, many say the estimated $60 million project has been delayed long enough.

The city manager recommends council stash $1 million aside for five years to pay down the debt for the Heritage project. One council member says Heritage needs desperate help.

"The kids at Heritage do not have the same learning environment that the kids at E.C. Glass High School does. They just don't," said H. Cary.

A big vote is expected Tuesday night on GLTC. The council will decide whether to cosign a $500,000 line of credit for the public bus company. The city manager recommends council doesn't.

Watch ABC 13 News at 11 to hear what council decides.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WSET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.