The AJC Atlanta Project Mayoral candidate views

The Atlanta Journal-Constitution

Borders: “We need a thorough review of each of our pension plans to determine whether the benefit levels that have been set are economically sustainable.

“I would convene members of the pension plan boards, actuaries and retirement plan experts together with the CFO in the first 100 days of my administration to determine the best course of action for the city.

“I will work to bring more revenue into the city. Whether it is local sales tax collection, monetizing our assets or cutting nonessential spending, we cannot continue to grow without fixing a fundamental flaw in our economy.”

Norwood: “The last CFO gave the city’s financial management a grade of F; our bond rating has fallen; the most recent report acknowledges work still needed to learn the true state of city finances. This disarray resulted in police and firefighter furloughs and blocks the strategic vision needed to deal effectively with big issues like crime, pensions and infrastructure. As mayor, I will initiate comprehensive independent outside audits, reorganize the finance department and put all city transactions online. Accountability matters.”

Reed: “As a result of irresponsible decisions by this City Council — including two of my opponents — Atlanta could find itself on the brink of insolvency. ... I led the effort to rescue the city’s pension funds without raising taxes. I was the Senate sponsor of HB 371, which will allow the city to diversify its investments and improve performance. I would assemble a team of experts in pension fund governance to develop reforms to be implemented during the first 100 days of my term. I would also work with other mayors to lobby for a change at the federal and state level to relieve financial pressure caused by the council’s decisions.”

Spikes: “We are in this mess because the politicians failed us. ... Atlanta needs a mayor who understands finances and understands how to make the tough business decisions.

“Solving this problem will be long-term and difficult, but with the right leadership it is possible. The city must stop increasing benefits, even though general employees are seeking parity with the police. We must repeal the ordinance that requires the city to fully fund its pensions by 2024. We must look into joining Social Security and increasing the amount workers pay into the system. None of these solutions are politically ideal, but I am not a politician.”