Rising pension costs burying gov'ts, school districts
Photo credit: Jim Alcorn | Yonkers Schools Superintendent Bernard Pierorazio with Mayor Mike Spano in June. Pierorazio called his district's projected rise in pension costs "astronomical." Spano has been working with other big city mayors to persuade the state to take greater responsibility for pension contributions. (June 25, 2012)
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Westchester County Executive Rob Astorino
Westchester payroll 2011
Public pensions in the Hudson Valley
Public pension costs in the Hudson Valley are continuing to rise at an alarming rate, even as local governments and school districts shed jobs, eliminate services and slash spending to meet payroll and other fiscal obligations.
Experts say the financial hemorrhaging likely will continue for the next several years, forcing local governments to make even tougher decisions.
Much of the...
