Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Nov. 24--About a month after seeking help in creating County Energy Transportation Reinvestment Zones (CETRZ), county commissioners are expected to vote on approving boundaries and setting a public hearing for the program.
The CETRZ program, being pushed by the Texas Department of Transportation as a way to award additional funding for energy heavy counties, has been questioned by county officials who aren't quite clear on all the rules being made by TxDOT.
The basic concept of transportation reinvestment zones is that the collection of property tax is "locked in" for a specific area, so the county can only collect that property tax for a given time period.
As values rise, the additional taxes that accumulate from the properties are placed into a special account, or a Transportation Infrastructure Fund (TIF).
County Judge Susan Redford said previously that many questions remained on what would happen if the county enacted such zones, and grant management firm GrantWorks is helping the county find the answers to those questions.
Commissioners also will:
--Discuss authorization to maintain TCDRS plan provisions for the plan year beginning Jan. 1, 2014.
--Consider the hiring of a secretary at a step 2 due to experience.
--Consider the continuation of overtime pay for a telecommunicator due to being shorthanded for the 2014 fiscal year.
--Consider the continuation of overtime pay for nurse and med-aid due to being shorthanded for the 2014 fiscal year.
--Consider the continuation of overtime pay to compensate cemetery personnel due to a shortage in personnel for the 2014 fiscal year.
--Consider and approve hiring a service desk technician in the IT Department at a step 4 due to experience and certifications.
--Consider the consent agenda: moving $350 from non departmental other general expenses to county auditor office supplies; and moving $71 from non departmental other general expenses to 244th District Court insurance.
--Review the Ector County Investment Policy and consider proposed policy revisions.
--Consider and approve line item transfers and budget amendments for the fiscal year ending Sept. 30, 2013.
--Consider and approve various budget amendments for the carry forward of outstanding encumbrances from FY 2013 to FY 2014.
--Consider a $4,664 budget amendment from unreserved fund balance to non departmental financial legal advertising.
--Consider a $620 budget amendment to donated revenues and environmental office supplies.
--Consider a $33,557 budget amendment to donated revenues and Sheriff departmental furniture/equipment.
--Consider a $2,263 budget amendment to district attorney general fund discovery fee and subscriptions.
--Consider and approve the accounts payable fund requirements report for Nov. 25 and review county financial statements and reports.
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