Common Council holding off on approving the 2012 budget -- the version released a few days ago put the budget at $144 million dollars and the tax rate unchanged at $1.785.
But Council has decided to meet this Saturday to go over details of an alternate budget -- one that doesn't have pension reforms approved by the province and is 9 million dollars lighter.
Deputy Mayor Stephen Chase says says council is nervous about moving forward without a back-up plan. -- he says it would be impossible for the city to find the money half way through the year.
If council is forced to make the 9 million dollar pension payment, 100 jobs will be immediately lost and city services will be reduced but the tax rate will remain unchanged at $1.785.
But Council has decided to meet this Saturday to go over details of an alternate budget -- one that doesn't have pension reforms approved by the province and is 9 million dollars lighter.
Deputy Mayor Stephen Chase says says council is nervous about moving forward without a back-up plan. -- he says it would be impossible for the city to find the money half way through the year.
If council is forced to make the 9 million dollar pension payment, 100 jobs will be immediately lost and city services will be reduced but the tax rate will remain unchanged at $1.785.
