A financial dark cloud continues to hang over city hall — the chair of council’s finance committee – Deputy Mayor Stephen Chase – tells CHSJ News the civic pension fund’s shortfall continues to have serious implications for the city’s bottom line.
Chase says the taxpayers have no appetite for that kind of tax increase – so – council is looking for savings in all departments while trying to maintain the level of services to meet public expectations. Council is working with its pension consultants and will be meeting with employees and retirees to look at a number of recommendations to deal with the shortfall.
