The CBC today released an analysis of bills recently introduced by New York State legislators that would increase the already-skyrocketing cost to taxpayers of retirement benefits for State and local employees. These bills, all introduced in the current legislative session, come despite the high tax burden in&n
Pension contributions this year will cost the state government alone $1.7 billion in fiscal year 2010-11 -- an amount already set to grow 85 percent, to $3.2 billion, by 2014. How much higher must it go before the Legislature puts the taxpayers ahead of special interests?
While the State and local governments struggle to pay for current salaries and fringe benefits of public employees and to fully fund the pension system for retirees - resorting to a "borrowing" scheme to stretch out required payments - the State Legislature has remained undeterred in intro
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