(City Manager Pat Woods)
(File Photo)
A solution to the long term financial problems facing the city's pension plan should be ready by early September. That, according to City Manager Pat Woods who warns this is no time to panic and make rash spending cuts.
According to Woods, the pension fund has more than 325 million dollars to meet its obligations for years to come. The solution he's talking about will deal with what's going to happen 30 or 40 years down the road.
