Springfield Mayor Mike Houston has proposed spending an extra three percent next fiscal year to help tackle the city's unfunded pension liability.
Houston says the city is projecting modest income increases -- about 3.26 percent in all, which Houston says is conservative.
He says the city's projecting a two-million dollar budget surplus during this fiscal year, a million of which will be put toward pensions. Aldermen will hold a series of budget hearings next month; the new fiscal year begins March 1.
(posted 11:57 a.m. 12/26/2012 by Alex Degman)