Civic Pension Plan Still In The Red

The numbers still don't look all that good for the city's pension plan -- City Manager Pat Woods earlier said a solution would be on the table by late September but we still haven't heard anything yet.
The city has to pay almost five million dollars into the municipal pension plan by November 15th to cover the contributions that are required to be made from January to June.
According to the latest valuation, as of the end of December of last year, the plan was running a deficit of more than 129 million dollars which was 21 million dollars more than the previous assumption.