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Monday, December 6, 2010

Common Council To Get Report On City's Finances Tonight













(Deputy Mayor Stephen Case)
            (File Photo)

Common Council will be receiving a report tonight from the city's Finance Committee on the latest budget figures for this year.

The committee is chaired by Deputy Mayor Stephen Chase and he tells CHSJ News there will be a shortfall.

He warns there will be a huge fiscal crisis if the pension plan issue is not sorted out and, even if it is, the city will still be facing what he calls a moderate fiscal crisis which means Council will have to watch its spending next year.