By Ashley M. Casey
The Common Council’s budget workshop, scheduled for today, Feb. 8, has been canceled.
Mayor Ronald L. Woodward discussed the workshop’s only agenda item — the 2013 health insurance overrun — at the Feb. 4 Common Council meeting.
Woodward told The Valley News the city’s spending on health insurance ran over by $512,000 last year.
“It put us into deficit spending,” he said. “We’ve got to go through the accounts and cover that spending.”
The mayor said the city’s financial consultants predicted a surplus of $500,000 in October 2013.
“Two months later, we ended up with a deficit,” Woodward said. “You can’t predict who’s going to get sick.”