Greenwich taxpayers would be on the hook for additional $30 million a year under Malloy plan

Greenwich taxpayers would be on the hook for an additional $30 million per year, if Gov. Dannel P. Malloy’s plan to have municipalities underwrite one-third of the teachers’ pension fund was approved by the General Assembly. ¬†Currently, the state funds the entire teachers’ plan, but Malloy is recommending a change in the formula, because of the state’s massive debt. ¬†Connecticut is facing a $3 billion deficit over the next two years.

Greenwich has already been targeted by the Malloy administration, as it lost more than a $1 million dollars in education funding that it was promised, when the governor reduced the education cost sharing grant in December, because of the current fiscal year’s budget problems.

READ THE HOUR’S STORY TO FIND OUT WHAT CHANGE WOULD COST TOWNS

One Comment on “Greenwich taxpayers would be on the hook for additional $30 million a year under Malloy plan”

  1. At least they can probably afford this guy. The rest of us will surely get it in the keister for sure. The big problem is, now he’ll have more money to spend on BS.

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