Linked Header

Tuesday, August 3, 2010

City Pension Plan Shows Improvement















         (City Manager Pat Woods)
                  (File Photo)

The City's operating budget will have a projected surplus by the end of the year of over a million dollars.

On the other side of the coin, the water and sewerage utility will have a deficit of more than 242 thousand dollars.

Those figures will be presented to Common Council tonight along with a report on the pension plan which has shown improvement in its financial picture.

City Manager Pat Woods has warned Councillors, they will have to restrain their spending next year. Councillor Carl Killen concedes that will represent a change from recent years.

Council will also be getting a request from the Anglo Society to fly its flag on September 18th outside city hall.