Prescott’s police, fire pension currently 97.6% funded
Unfunded liability for 2023 stands at $3.9M

After increasing dramatically throughout the early 2000s, the City of Prescott’s unfunded liability (pension debt) with the Public Safety Personnel Retirement System (PSPRS) dropped from about $86.4 million in 2017 to about $3.9 million in 2023 – a drop that city officials say was due to a sales tax increase that Prescott voters approved in 2017. (City of Prescott/Courtesy)

After increasing dramatically throughout the early 2000s, the City of Prescott’s unfunded liability (pension debt) with the Public Safety Personnel Retirement System (PSPRS) dropped from about $86.4 million in 2017 to about $3.9 million in 2023 – a drop that city officials say was due to a sales tax increase that Prescott voters approved in 2017. (City of Prescott/Courtesy)

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