Levy: Use 'rainy day' fund to pay for pension hike
Suffolk County Executive Steve Levy is proposing to take $30 million of the county's tax stabilization fund to pay next year's expected spike in state pension costs.
But a legislative critic said his plan could largely deplete $100 million in the "rainy day" fund over the next three years and limit lawmakers' flexibility in dealing with budget woes.
The legislature's budget committee...
