logo
Mayor Deegan, Meridian Waste reach contract agreement amid legal disputes

Mayor Deegan, Meridian Waste reach contract agreement amid legal disputes

Yahoo11-03-2025

The Office of Mayor Donna Deegan and Meridian Waste have announced a mutually agreeable resolution and compensation agreement after proposed legal actions.
>>> STREAM ACTION NEWS JAX LIVE <<<
[DOWNLOAD: Free Action News Jax app for alerts as news breaks]
Action News Jax's Ben Becker has been keeping you informed about this deal, with the latest update coming after the deadline for compromise was passed.
Council President Randy White is introducing the proposed contract amendment as a one-cycle emergency bill at a City Council meeting on Tuesday night. The City of Jacksonville provided the following goals of the amendment, which are 'ensuring quality solid waste services for the Northside, minimizing the financial impact on the fiscal year 2024-2025 budget and reserve funds, avoiding lengthy and costly litigation for both parties, and streamlining the archaic and cumbersome rate review process moving forward.'
'I appreciate the opportunity to collaborate with Meridian Waste on a solution that works for the city and the company. Together, we have made this process more efficient for future administrations and councils, delivered long-term financial stability for all parties, and ensured that Meridian Waste will continue providing the same high-quality service that our citizens have come to expect for many years to come,' said Jacksonville Mayor Donna Deegan.
According to a release by the COJ, the amended contract will:
Extends the term of the contract by six additional years (expiring September 30, 2033) with a locked in base rate and an annual CPI adjustment capped at 5% for the remainder of the contract. This brings long-term stability to budgeting and planning.
Eliminates the Rate Review process in all following years, which will save hundreds of staff hours across multiple city departments and make way for a more efficient process in the future.
Establishes the FY 2024/2025 base rate at $22.39; however, defers payment of a portion of the Base Rate ($1.03/unit) for a 12-month period (Oct. 1, 2024 - Sept. 30, 2025) until October 31, 2025. This allows for proper budgeting for FY 2025/2026 and minimizes the impact to Reserve Funds withdrawals. Meridian Waste will receive a retroactive payment for services rendered from Oct. 1, 2024 - Mar. 31, 2025, by April 30, 2025.
Includes a new commitment by Meridian Waste to provide an in-kind or cash Community Partnership Investment valued at $150,000 divided equally over the next three years, starting with the City's FY 2025-2026 fiscal year, to benefit City economic development, health, human services, environmental and/or beautification initiatives.
'Meridian Waste has always approached this contract with the City of Jacksonville as a partnership, and we believe the proposed amendment achieves the overriding goals of the Mayor, the Council and the Company to ensure the long-term cleanliness and health of the Northside while being fiscally responsible to their constituents and our valued customers,' said Dave Shepler, Meridian Waste's Area President for the state of Florida.
Changes will only affect the Northside, the Westside and Southside will not be affected.
[SIGN UP: Action News Jax Daily Headlines Newsletter]
Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stock market today: Dow, S&P 500, Nasdaq futures slip as investors assess easing trade tensions
Stock market today: Dow, S&P 500, Nasdaq futures slip as investors assess easing trade tensions

Yahoo

time43 minutes ago

  • Yahoo

Stock market today: Dow, S&P 500, Nasdaq futures slip as investors assess easing trade tensions

US stock futures slipped as Wall Street assessed easing tensions between the US and key trading partners as well as softening inflation. Futures attached to the Dow Jones Industrial Average (YM=F) dipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%. On Wednesday, Treasury Secretary Scott Bessent told Congress it is "highly likely" that countries engaging in trade negotiations with the US would see an extension of a tariff pause that is already in place on President Trump's most sweeping duties. Bessent's comment came after he returned from London on Tuesday, where representatives from US and China announced the countries had agreed to a proposal that would address critical trade disputes. Read more: The latest on Trump's tariffs Stocks wobbled during the day Wednesday amid the evolving trade news as well as the latest Consumer Price Index (CPI) report, which showed easing inflation pressures. The data puts the Federal Reserve in a tight spot ahead of its policy meeting next week, though analysts expect officials to maintain their wait-and-see approach to interest rate cuts as tariff uncertainty lingers. On Thursday, investors will receive fresh data on wholesale inflation with the release of the Producer Price Index (PPI) report. As earnings season wraps up, Adobe (ADBE) will also share its results. Sign in to access your portfolio

This Texas metro saw least amount of inflation: analysis
This Texas metro saw least amount of inflation: analysis

Yahoo

timean hour ago

  • Yahoo

This Texas metro saw least amount of inflation: analysis

(NEXSTAR) — Though inflation growth slowed (minimally) over the past month, consumer prices rose 2.4% in May vs. this time last year. But not everywhere in the U.S. is feeling the burn quite as much some others. Recently, financial news and resources outlet WalletHub compared 23 major U.S. metropolitan areas to find out how inflation is hitting differently, depending where you live. And one Texas city was found to have the smallest increase in inflation of all cities measured. Austin Mayor: Texas National Guard may be deployed for ICE protests To figure out the ranking, WalletHub compared these metropolitan statistical areas (MSAs) across two metrics related to the Consumer Price Index (CPI). WalletHub's Adam McCann used this inflation data to determine growth compared to two months ago and to one year ago. All-in-all, inflation grew the least in the Dallas-Fort Worth-Arlington area over these time periods, WalletHub says. The north Texas MSA had an inflation score of only 4.29 out of 100 (with 100 being the worst inflation problems). For comparison, the MSA with the highest levels of inflation growth, Boston-Cambridge-Newton, MA-NH, had an inflation score of 84.03. Here are the inflation rates for the two Texas metros WalletHub analyzed. Rank Metro Inflation score % change over past 2 months % change over past year 13. Houston-The Woodlands-Sugar Land 49.22 0.90% 1.20% 23. Dallas-Fort Worth-Arlington 4.29 0.10% 0.60% WalletHub found that the Houston-The Woodlands-Sugar Land area saw the fourth-most inflationary growth over the past two months. The Houston-area metro tied for highest consumer price growth along with Baltimore, Maryland, and Anchorage, Alaska. Can you still make money with Bitcoin? Comparatively, Dallas ranked (tied) 22nd for lowest consumer price growth over the past two months and 22nd (second to last) for lowest consumer price changes over the past year. May's CPI for the Dallas-Fort Worth-Arlington metro found that prices for items outside of food and energy decreased during the two-month period, including for household items and rent. Prices on food at home rose 0.8% and prices for food away from home rose 0.4% over the past two months. To read WalletHub's full Changes in Inflation by City analysis, visit WalletHub. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Chick-fil-A launches new BBQ sandwich for a limited time in Jacksonville
Chick-fil-A launches new BBQ sandwich for a limited time in Jacksonville

Yahoo

timean hour ago

  • Yahoo

Chick-fil-A launches new BBQ sandwich for a limited time in Jacksonville

Chick-fil-A's Creamy BBQ Sandwich comes to Jacksonville for a limited time starting June 9 through July 19. >>> STREAM ACTION NEWS JAX LIVE << >> STREAM ACTION NEWS JAX LIVE <<< The Creamy BBQ Chicken Sandwich can be delivered on the Chick-fil-A® App or online. However, it cannot be catered. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] Also, members will not be able to redeem points for this sandwich, but can still receive points with their purchase. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store