By Joey Chenowith | Coolidge Examiner
About a year ago, the Coolidge City Council agreed to take on more risk with the way the city pays for employee benefits, and now they are paying the price.
Rebecca Chang of The Mahoney Group presented council on Nov. 24 with an update on how the new self-funding benefits package has fared, and the news wasn’t good. Costs to the city have come in $216, 899.54 over expectations from just four months in 2014, an amount that must be taken out of the general fund using sales tax revenue that has come in above projections.
