Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
First Coast Connect

Business Exec, Former Councilman Propose Alternative Pension Funding To JEA And Mayor

Mayor Alvin Brown said Wednesday he strongly supports a new pension reform proposal developed by two private citizens in consultation with the mayor's office.

Former City Council member Matt Carlucci and business executive Charlie Appleby worked with several of Brown's top aides to create a late-hour plan in which the city and JEA would borrow $240 million and immediately put it into the Police and Fire Pension Fund.

The proposal comes after the utility said at a meeting Tuesday it is not in a position to meet Mayor Brown’s original request for $40 million per year to fund some of the city’s unpaid $1.6 billion pension debt.

The Mayor’s Office, City Council and JEA will continue negotiations and try to reach an agreement in the coming months.

Matt Carlucci and Charlie Appleby joined Melissa Ross to discuss their plan.

You can follow Melissa Ross on Twitter @MelissainJax. 

Melissa Ross joined WJCT in 2009 with 20 years of experience in broadcasting, including stints in Cincinnati, Chicago, Orlando and Jacksonville. During her career as a television and radio news anchor and reporter, Melissa has won four regional Emmys for news and feature reporting.
Sean Birch joined the WJCT team in late 2011 and was with the company until 2016.