#1
#1 out of 2
politics1d ago
Public unions’ stealthy scheme will siphon $100B from NY taxpayers
- Unions want pension changes folded into the state budget, not passed as separate bills.
- The plan could cost New York taxpayers about $100 billion, the author says.
- Past pension reforms in 2009 and 2012 helped arrest escalating costs.
- The piece links pension costs to rising property taxes in New York.
- The author argues elected officials have echoed unions’ demands without question.
- The article claims the Union push lacks an actual legislative bill, avoiding actuarial costs.
- The column notes a previous tactic in 2021 and its long-run impact on taxpayers.
- The author cites a professor’s data on pension costs rising from $1B to $10B from 2000 to 2010.
- The column frames pensions as guaranteed by the state constitution and hard to undo once sweetened.
- Readers are urged to ask their lawmakers about potential costs of the unions’ plan.
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