Thursday, July 21, 2011
Cutting the Budget - in Maine
Some states are finding ways to do it...
Maine.gov has this from their state treasurer:
"Pension Reform Saves Maine Taxpayers $1.7 Billion
One of the big victories for Maine taxpayers were the pension reforms included in the recently passed state budget. The changes limit the growth of retirement benefits for 75,000 teachers and state employees. This reduces the stifling $4.1 billion pension debt to $2.4 billion, a stunning 41%."
