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Tuesday, January 17, 2012

Deputy Mayor Feels Pension Reforms May Not Be Approved

Mayor Ivan Court believes the city will get its pension reforms approved during the spring sitting of the legislature.

Court says in a recent letter from the Premier, the wording seemed to recommend the city should have its budget in order for the spring.

But Deputy Mayor Stephen Chase says while he does have some optimism, he is also a political realist.  He says there is opposition to the proposed pension from retirees and members of the police and fire department.

He's not as confident that the reforms will be passed.

If the reforms are not approved, the 2012 budget will be short 9 million dollars and 100 city jobs will be cut.