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Thursday, December 27, 2012

Special Meeting Today Of Common Council

"The pension anchor is sinking to the bottom of the Bay of Fundy".......So says Mayor Mel Norton who tells CHSJ News many millions of dollars will be freed up now that the shared risk model for the city pension plan has been agreed to and a huge weight has been lifted off the shoulders of Common Council. 

The Mayor says 5 million dollars will be spent on roads in the city which is seen as the right amount to start rebuilding to bring them up to where they should be.

Norton says there will also be more money next year for transit, recreation and water. 

Meantime, long term disability will be the focus of a special meeting of Common Council this morning at 10:00. The cost of long term disability is not part of the shared risk model.