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Monday, November 8, 2010

City Pension Plan At A Cross-Roads













Crunch time coming tonight at Common Council with the city's financially beleaguered pension plan.

It has a deficit of 129 million dollars and Mayor Ivan Court tells CHSJ News, this is serious stuff.


Court warns if the city has to contibute 9 million dollars over and above what it already has to pay, it would translate into a tax increase of 17 cents.