Turner is cautious, calling this a preliminary plan.
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He says that a deal has been reached with police, fire and city workers.
Now Turner inherited the pension issue, which has been a problem since the early 2000's.
Right now, the city is nearly $4 billion in debt.
Mayor Turner has talked about finding a fix, promising he would back in March.
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Turner is keeping details close to his vest for now, but we will hopefully learn how the plan will work later today.
Rice University released a report last month with recommendations for the city.
Later this afternoon, we'll see if Turner took their advice.