This snippet from the UL caught my eye as we on the BudComm saw (and heard) that retirement costs are skyrocketing from almost every department head lamenting its impact on their budgets, especially as the State broke its “promise” to help local towns and cities pay the costs that go into the State wide pension plan (which is underfunded by $5-6 BILLION dollars) (reformatted, emphasis mine):
The House narrowly defeated a bill sponsored by Rep. Renny Cushing, D-Hampton, to restore a 15 percent state contribution to municipalities for the retirement cost of local police, firefighters and teachers. HB 413 failed in the January session of the House by a vote of 172-166, but was brought up for reconsideration on Thursday, and failed again, 171-170.
“As part of the budgeting process, payment of a percent of retirement payments was discussed and dismissed as an uncontrollable cost to the state,” according to Rep. J. Tracy Emerick, R-Hampton. The state ended its annual contributions to municipal retirement funds 10 years ago, with a contribution of about $50 million to municipalities in the last year of the program.
As I said last night, all of us taxpayers should be downright tired and disgusted with all of the politico talk of up-shifting and down-shifting of costs between the










