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Faddish fiscal phrases fly on pension payment plan
The most fashionable of fiscal slogans and buzz-phrases are flying over Gov. Andrew M. Cuomo’s proposal to quickly reduce pension expenses for local governments and school districts.
Cuomo would cut the required payments by allowing these localities to start paying a flat percentage year-to-year over a long period. One supporter of such a change, who suggested it last summer, is Sen. Jack...