The Washtenaw County Board of Commissioners last week decided to shelve a proposal to sell hundreds of millions of dollars in bonds. the money generated for the bond sale would have been used to cover the county's long-term pension costs and retiree health care. Commissioners decided to wait until such time the state of Michigan spells out its rules for a bond sale of this kind. Still, the issue is far from dead. As WEMU's Andrew Cluley reports, the Board of Commissioners last night went forward with a public hearing on the issue, gathering more input from the community.
Washtenaw County Commissioners are considering a proposal to sell up to $345 million dollars in bonds to cover unfunded pension and retiree health care costs. AS WEMU's Andrew Cluley reports, the Commission held a public hearing on the issue Wednesday night, but less than a handful of people turned out to offer input.