At its February 16, 2016 regular meeting, the East Lansing City Council adopted a resolution appointing a Financial Health Review Team for the City of East Lansing. The team will look at the overall financial stability of the City and consider new revenue options.
As a first priority, the team will be looking at methods to address the City's unfunded legacy costs (retiree pensions and healthcare). The team will also be looking at available funding for infrastructure improvements, consideration of a Headlee override, standards that may apply to the granting of development incentives, the sustainability of City services and other means by which additional revenue can be generated to stabilize the City's finances. Learn more.
Six work groups have been formed, each consisting of three to six members of the Financial Health Review Team. The work groups include the: City Legacy Cost Group, Real Property Group, Development Incentives Group, Infrastructure Renewal Group, Citizens Communication and Services Group and Revenue Options Group. These work groups will meet regularly, in addition to the monthly meetings of the entire Financial Health Review Team. All work group meetings will be posted on the calendar.
Pension Plan Report
The Financial Health Review Team approved its Pension Plan Report for the East Lansing City Council at its meeting on Wednesday, July 20, 2016 by a unanimous 9-0 vote. View the approved documents:
The Financial Health Review Team will present the Pension Plan Report to the East Lansing City Council at a special discussion-only meeting on Tuesday, August 9, 2016.
Agendas will be available prior to the full meetings of the Financial Health Review Team. Archived meeting agendas and audio recordings can be found under Other Meetings. View Current & Archived Agendas
East Lansing residents with feedback for the Financial Health Review Team are invited to fill out an online form.