Memo: Pension reform would cost millions
Photo credit: Howard Schnapp | State Comptroller Thomas DiNapoli has said in a report that local sales tax revenue on Long Island grew at a slower rate last year than in other parts of New York. (Feb. 23, 2011)
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LI's $3B pension tab
Blog: The Spin Cycle
Gov. Andrew M. Cuomo's pension reform plan would cost millions to set up and to maintain and probably couldn't be implemented at the beginning of the fiscal year, according to a memo from the state comptroller's office.
The memo, a "fiscal note" dated Feb. 1 from the office of State Comptroller Thomas DiNapoli, said Cuomo's budget did not include money to implement the Tier VI plan, which...
