Common Council has approved the 2012 budget as well as passing the tax rate at $1.785.
Council has approved the Plan B budget, which contains millions in cuts to fire, police, community grants, and city services. This was done in case pension reforms are not approved by the province.
City Manager Pat Woods says while he originally supported the first budget, which assumed pension reforms, he says he can't do so now because the city would have needed to find an extra 13.2 million dollars if pension reforms were not achieved.
Woods revealed last night that over the course of the year, the pension deficit has now grown by 64 million dollars to a total of 190 million dollars.
