NOTE: This post has been corrected.
Council today also announced that they are awarding $150,000 in financial consulting contracts -- $125,000 to Charles McPherson, a retired Council employee, and up to $25,000 to Econsult/Fairmount Group.
McPherson retired April 9, 2009*, after 37 years of service. He last served as Council's chief financial advisor and left with a $528,434 DROP payment. Before his departure, Verna tried and failed to get his retirement date extended by a year.
McPherson has been volunteering for Council since his retirement. Under state law, McPherson could not bid on a Council contract until a year had passed since he left his job.