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Lansing looks to bonds to help solve local pension, health-care debts

DECEMBER 19, 2018 | by Lindsay VanHulle | BRIDGE (MICHIGAN)

“Joe Hefele has looked for ways to solve Rogers City’s looming pension crisis. … The small community in the northeastern Lower Peninsula has more than $11.3 million in total pension obligations to its employees, and enough money set aside to cover just 49 percent of it. Hefele said he has come to the conclusion that the best option to raise the money needed for pensions and still afford to provide city services is to issue bonds.”

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