Correction Re Reserves

I apologize for any confusion.

In re-reading the Mayor's Inaugural Address again this morning, I note that he did state the following:

"That’s why our balanced fiscal plan proposes to increase Windsor’s reserve fund to $112 million by 2012."

It is true that there was a $28M difference between the $140M as the amount Windsor "needs" in the Mayor's speech and the $112M.

However, the Mayor's speech was exactly consistent with what the Treasurer said in the Star story where he stated "The goal is to build up the municipal reserves to $112 million by 2012, Colucci told council."