EL assembles team to address future budget challenges

Feb 23, 2016

The city of East Lansing has appointed a Financial Health Review Team to examine the city’s long-term commitments and budgeting needs. We talk with Mayor Mark Meadows and the committee’s chairman, Mike Moquin.

Last week, the city of East Lansing announced the formation of a Financial Health Review Team. The panel is being asked to review the city’s financial stability and make recommendations on new funding source and revenue options. They also will weigh in on future expenditure needs in the city. A big priority will be placed on dealing with anticipated shortfalls in pension payments and retiree health benefits. Those total around $100-million.

Current State talks about the budget challenges facing the city with East Lansing Mayor Mark Meadows and the chairman of the new Health Review Team, Mike Moquin.