More Bad News about State Pensions….so who is going to pay?

Thanks to our Kirtland Lobbyist for this article on State Pension plans.  It makes our last public meeting with the Lake County Commissioners all the more important. (See the video for Commissioner Dan Troy’s reaction to our questions on Lakeland Community College unfunded pension liability.)

https://www.msn.com/en-us/money/markets/states-are-running-out-of-money-to-pay-their-public-employee-pensions/ar-AAvOD85?ocid=spartanntp

Here is an excerpt of the article:

“The massive unfunded pension liabilities are becoming a real problem not just for public-sector retirees and workers concerned about their future but for everyone else, too.  As states try to prop up their pension systems, it means less money is available for core government services such as education, public safety and parks.” (emphasis added by us)

(Comment: So the State takes money from education to pay for pensions, guess who is left ‘paying the tab’ for the schools’ lack of funding – yep….ALL OF US that own property)



Categories: Lake, Real Estate Taxes

3 replies

  1. 717690 88889I like this weblog so significantly, saved to my bookmarks . 118445

  2. 663760 392389Some truly good stuff on this web web site , I like it. 3190

  3. 38585 532760Hello there! I could have sworn Ive been to this blog before but after reading through some with the post I realized it is new to me. Anyhow, Im undoubtedly pleased I discovered it and Ill be book-marking and checking back regularly! 965864

Leave a Reply

Your email address will not be published.

%d bloggers like this: