Skip to main content

Posts

Showing posts with the label Gara

Pensioning Off Pension Debt To Towns

The Democrat plan to “to have cities and towns share in the cost of public school teachers’ pensions,” as the Hartford Courant put it in a recent story, continues to be “controversial,” perhaps the understatement of the year. The plan would “cost municipalities a combined $73 million a year and would lead to property tax increases across the state.” The principal spokesman for the Connecticut Conference of Municipalities, Kevin Maloney, has characterized the plan to shift to towns some cost of pensions without giving the towns the opportunity to cut spending by reducing teacher salaries and benefits  as “the largest unfunded state mandate in recent memory,” and the executive director of the Connecticut Council of Small Towns Betsy Gara has said, “Shifting $73 million in pension costs onto the backs of already overburdened homeowners and other property taxpayers will diminish housing values, undermining our state and local economies." Local government relies on prop...