Biz awards - Tucson retirement system recognized

The Chicago-based Government Finance Officers Association awarded the city of Tucson a “Certificate of Achievement for Excellence in Financial Reporting” for the Tucson Supplemental Retirement System.

The city’s system is directed by pension administrator Michael Hermanson.

City of Tucson

Tucson homeowners could start seeing a letter signed by the mayor or another city official encouraging them to purchase a private company’s water line insurance.

The city council will give a final vote today to lend the city seal and a city official’s signature to Utilities Service Partners’ advertising and billing materials in exchange for a cut of the profits.

If approved, Tucson Water customers would receive a letter that contains the city’s logo and a message from a city official praising the importance of enrolling in the Pennsylvania-based company’s insurance program.

The sample letters are attached to this blog.

For $11.50-a-month, customers would get about $4,000 in water and sewer line coverage. A broken line typically costs between $1,000 and $2,500 to fix.

The city expects to rake in around $150,000 by participating in the program, which is also backed by the National League of Cities.

Tucson would join more than 150 other cities, including Phoenix and Mesa, where the league-backed insurance is available.