The growing cost of Connecticut pensions has become a linchpin in the two-year state budget process. As a result, the funding of public services may decline and residents may have to pay even more in taxes to offset the cost of pension obligations. In New York, state pensions are looking healthy, but a volatile market could reverse that. Can we solve the problem with state pensions? Our guests: Keith Phaneuf, state budget reporter, The Connecticut Mirror Jonathan Steinberg, Connecticut state representative, D-Westport Donald Williams Jr, executive director, Connecticut Education Association Vincent Candelora, Connecticut state representative, R-Branford Livvy Floren, Connecticut state representative, R-Greenwich Thomas DiNapoli, New York state comptroller Martin Cantor, Ed.D., director, Long Island Center for Socio-Economic Policy , former Suffolk County economic development commissioner
The growing cost of Connecticut pensions has become a linchpin in the two-year state budget process. As a result, the funding of public services may decline and residents may have to pay even more in taxes to offset the cost of pension obligations. In New York, state pensions are looking healthy, but a volatile market could reverse that. Can we solve the problem with state pensions? Our guests: Keith Phaneuf, state budget reporter, The Connecticut Mirror Jonathan Steinberg, Connecticut state