The coming (already here?) crisis for pensions for public employees in our state is worse than the media is generally reporting. Here are some good links for information:
- July 1, 2010 – Increased Public Pension Contributions Could Spike Property Tax Bills
- June 30, 2010 – State Pension Could Prompt Tax Increases – State Bill To Rise To $6 Billion
I’ll add more as I find them. The thing that is amazing is how the politicians kick the can down the road. In 2000 or 2001, they mandated that the pensions be funded – then pushed the mandate out to – wait for it – 2010.