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Wednesday, February 1, 2012

Common Council May Pass Budget "B" Tonight

At long last, a vote is possible tonight on the 2012 municipal budget and it's tax rate.

City manager Pat Woods is recommending that council adopts the plan "b" budget which features cuts to city services, jobs, and grants.


He also says the pension deficit has now grown to 190 million according to the latest actuary numbers.

He adds the city cannot assume pension reforms are coming and needs to adopt a more conservative budget.