Contract, pension settlements cause Montreal to post small deficit

A series of contract and pension plan settlements with municipal employees caused Montreal to project a budgetary deficit for 2017 of a little more than $31 million, the city’s executive committee heard on Wednesday.
A presentation of the city’s budget by finance director Yves Courchesne found that contract settlements with the police, firefighters and blue collar unions combined to create a projected deficit of $31.4 million.
The deficit represents a little less than one per cent of