For those that watched the City Council meeting on Tuesday will know that the budget outlook for the City is pretty grim. (For scary numbers check out the PowerPoint Presentation)
The big looming problem is, of course, the post-retirement benefits for City employees. Of course, we all did know this was a problem a few years ago, but somehow this issue has been largely ignored by both City Manager Debra Kurita and fiscal guru Interim City Manager Ann Marie Gallant. Because regardless of how you want to slice it, it’s the City Manager’s responsibility to present an accurate financial picture to the City Council and present solutions and be a part of the solution.
