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Kalamazoo Commissioners move swiftly on OPEB Bonds


KALAMAZOO (WKZO) -- Kalamazoo City Commissioners will waste no time carrying out the recommendations of a task force report issued just last week to pursue bonds to cover a deficit in their retiree healthcare program.

It’s a long range 188-million dollar problem and this is a possible long range solution. Commissioners will receive the report at the top of the agenda and at the bottom of the agenda, be asked to start the paperwork on a 100-million dollar “OPEB” Bond sale, which was recommended by the task force.

It does not commit the city to the bond sale, but state law requires that it be accomplished by the end of the year, and this will help beat the deadline.