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Legislative inaction could lead to bankruptcy for small cities

The Public Safety Personnel Retirement System (PSPRS) is on track to bankrupt Bisbee and Prescott and adversely affect larger cities. Obligatory payments to PSPRS have drained money from cities’ budgets resulting in reductions in basic services such as police and fire protection, garbage collection, and wastewater treatment.

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(Jim Weber/Daily Memphian via AP)

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