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Tuesday, December 21, 2010

Mayor Concedes Pension Plan Woes Causing Grief As Common Council Deliberates Over Next Year's Budget

The only crisis the city is facing is a pension crisis.........So says Mayor Ivan Court who tells CHSJ News if it weren't for the pension plan's woes, the city would have had its budget signed, sealed and delivered by now and it would be balanced.


Common Council won't have the budget ready until next month and is awaiting word from the province on whether it will be given some slack on its financial obligations to the pension plan over the next year.

It wants to defer paying into the pension plan for a year.