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Sunday, November 6, 2011

Board of Trade Suggests Reforms

In a letter to Common Council, the Board of Trade putting forward a number of recommendations to alleviate pressure on the city's core services--without raising taxes. The Board of Trade voicing concerns about the impact the current pension deficit will have on the city. According to president Imelda Gilman, it could stand in the way of Saint John's growth.

The Board of Trade recommendations included that Council reconfirm its priorities, cooperate with other regions, and make the pension plan more sustainable. The letter also emphasized the importance of transparency within the city's government.

Presently, Saint John has the highest tax rate in the province, which puts businesses at a competitive disadvantage.