Q&A: exploring budget problems facing Holyoke officials

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The Holyoke City Council balked at raiding the municipal employee retirement fund for a temporary transfer to balance the budget. HOLYOKE -- The season of the $2.5 million "reconciliation discrepancy" takes its next turn with a special meeting of the City Council tentatively scheduled for Tuesday. The Council will be asked to consider a new plan from the financial team of Mayor Alex B. Morse to mend the fabric of a municipal budget that councilors figured was worn but learned this week was more tattered than they'd feared. Here's a question and answer list to help in shedding light on the problems: 1. What does $2.5 million "reconciliation discrepancy" mean? Good question. City Auditor Joshua Pueschel used that term in...

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