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March 27, 2014

Kansas City Council approves a new budget that includes pension reform, layoffs

The 2014-15 budget, which takes effect May 1, boosts total pension and retiree health care payments for city employees from $63 million in this budget year to $78 million next year. To help pay those increases, the city is refinancing its debt on the Power & Light District and eliminating about 100 positions.

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