Prop. 106 on the Aug. 27 Phoenix ballot is the latest plan promising to deal with the city's $4 billion in unfunded pension debt. That's how much Phoenix will owe retirees in future years, but hasn't covered yet.
Prop. 106 would pay down the public-safety portion of the debt much faster, by capping city spending on most services - almost everything except public safety.
The Arizona Republic's Jessica Boehm explains both sides of the issue, and why there are unintended consequences and unanswered questions.
A "yes" vote would approve the faster paydown of debt; a "no" vote would stick with the current plan for paying it down.
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