Senate committee begins shifting teacher pension costs to counties
The Senate budget committee has taken the first step toward passing half of the state’s massive burden for teacher pensions onto local governments, as part of the budget it voted to send to the Senate floor on Monday.
The Budget and Taxation Committee approved language Friday that would begin moving the pension obligations to local governments next year. Nothing would change in the fiscal 2011 budget now being reviewed, but the move could shift nearly $338 million to counties within five years. The state now pays for all teacher pensions.Read More