The deficit with the city's pension plan could get even worse before it gets better.
That warning from Kevin Lacey, the Atlantic Director of the Canadian Taxpayers Federation, who tells CHSJ News a rise of more than 60 million dollars in a year to 190 million dollars is a real mind blower for a city the size of Saint John.
He says it should raise questions about how it got so high and why such a huge increase in just one year.
Lacey adds the city will have to take another look at eligibility and payouts. He warns depending on the province to bail the city out is an iffy proposition, at best, considering the sad financial state of its pension plan.
