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New York’s unsustainable public pension system that threatens to cause a veritable tax catastrophe across our state.

February 1, 2011

REFORMS MUST BE A PRIORITY OF BOTH CUOMO AND THE LEGISLATURE.

The Empire Center for New York State Policy released a startling report in Deccember that should shake every elected official – and citizen – in New York State to the core.

It concerns New York’s unsustainable public pension system that threatens to cause a veritable tax catastrophe across our state.

The Empire Center estimates a combined pension shortfall in New York of $120 billion, an almost unimaginable liability for the taxpayers of this state. This is a must-read report for anyone who cares about New York State. It is linked here.

New Yorkers for Growth is doing everything in its power to stave off this economic disaster and that includes increasing the public awareness of this massive problem. For example, over the next five years, tax-funded annual contributions to the New York State Teachers’ Retirement System (NYSTRS) will more than quadruple!  Please read this important report to learn why.

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