The city said the structural deficit has already been reduced from $25 million to $14 million as of September 1.
SPOKANE, Wash. — Spokane Mayor Lisa Brown announced two measures that the city says will help reduce the City’s structural budget deficit.
The City said Brown is proposing a voluntary retirement incentive for city employees who meet certain criteria.
This would give a lump sum incentive contribution into an HRA/VEBA account for the following employees:
- $10,000 for employees with at least 10 but less than 15 years of service
- $15,000 for employees with at least 15 but less than 20 years of service
- $20,000 (maximum) for employees with 20 years or more of service
The city said employees would use the funds to contribute to their medical and dental plans under COBRA, pay for premiums for private medical or dental coverage or pay for other allowable expenses in the HRA/VEBA …