April 2: MUD rejects higher pension payment, approves water system upgrades - Flatwater Free Press

April 2: MUD rejects higher pension payment, approves water system upgrades - Flatwater Free Press

At its April 2 meeting, the Metropolitan Utilities District (MUD) Board of Directors rejected a proposal to fund the employee pension plan at a higher rate than recommended.  Director Mike McGowan advocated for contributing the full $13.8 million budgeted, citing concerns over market volatility and the value of maintaining a cushion. Director Tim Cavanaugh countered that the recommended $12.9 million was sufficient and praised fiscal restraint, …