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Showing posts with the label Eric Schultz

Malloy To Unions: We Surrender

The CTMirror story begins with a potent image of pending disaster: “Gov. Dannel P. Malloy announced a deal Friday with state employee unions that would allow Connecticut to dodge a fiscal iceberg by holding down annual pension costs otherwise set to spike over the next 16 years.” “Iceberg sighted, full speed ahead,” cries captain Malloy, who has skippered Connecticut’s ship of state for nearly five years. The state’s unpopular governor, approval rating 24 percent, is up for re-election in 2018. “But to get that relief,” CTMirror adds, “Connecticut would shift at least $13.8 billion in estimated pension expenses owed before 2032 onto a future generation.