As Common Council is about to start its budget deliberations, there’s a big question mark over what effect the city’s pension plan will have on the final product.
Common Council has agreed to not make any changes to the city’s pension plan until the Task Force on the Shared Risk model reports.
Ward 4 Common Councillor Susan Fullerton is worried there may not be enough time after hearing Council may not hear back from the task force until November.
Councillor Bill Farren warns the city is facing a 4 million dollar pension payment next year and that would have a major effect on the 2013 budget.
Council would like that budget to be finalised before Christmas.
