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Phoenix residents could soon vote to change the way the city addresses its growing multibillion-dollar pension debt.

Two Phoenix residents, supported by Councilman Sal DiCiccio, filed an initiative late Friday that would end pensions for elected officials, change how the city calculates its pension debt and require cities to spend almost all excess general fund revenue to pay down the debt.

Phoenix officials confirmed a petition was filed Friday by residents Marcus Huey and Cynthia Casaus.

The residents must gather about 20,000 signatures in order to get the initiative, dubbed the “Responsible Budgets Act,” on the ballot. DiCiccio said he will donate $25,000 of his excess campaign funds to jump-start the signature campaign.

DiCiccio said he hopes to gather the necessary signatures in the next 45 to 60 days and wants the initiative to appear on the same ballot as the upcoming mayoral election, which could be in either August or November. 

RELATED: Mayor Stanton didn’t resign this week. What that means for city elections

If approved, the initiative would change the city’s charter, which is the city equivalent of a constitution. 

DiCiccio said the initiative would end pensions for elected officials because it creates a “conflict of interest.” Elected officials still could choose to take part in the city’s pension program, but they must pay their own way, he said.

The initiative also would limit budget growth and require that any excess general fund revenue the city generates, adjusted for inflation and population growth, be used to pay down the pension debt. However, increases in public-safety expenses would still be permissible.

The initiative would also require the city to start reporting pensions in what DiCiccio believes would be more accurate fashion.

READ MORE:

With rising pension costs, tax hike or service cuts likely in Phoenix

Phoenix approves plan that could add billions to pension debt

Soaring pension costs still crippling Phoenix budget

 

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