No matter which way they go, no matter which way they look at it, we on the local level are screwed. Who is going to pay this increase? The retirees? NO. It will lay clearly on the back of us, the Taxpaying individuals that have to bust our ass just to keep our heads above water, have lost our own retirement (I don’t have any) in the market. We suffer all the way around, but not the retired in the New York Pension plan.
The loss will require local governments to increase their contributions, from 7.4 percent of their payrolls projected for next year to an estimated 11 percent by early 2011, the comptroller’s office said
By making the local governments pay more they have to get it from someplace. Where, oh where will they find this money? Our pockets are stretched to the limits if not empty already from all the excessive taxes, fees and any other way they can pull the cash out of our pockets. Is there any wonder so many people have left and are planning on leaving this state? Some have told me this will be the straw that breaks the camels back, some say this will put us on the verge of a revolution. If this will finally wake people upo than great, I have been awake for years and have been crying from the wilderness, are the sleeping finally going to wake up? God I hope so.

