Tag
public employees
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Budgets/Taxes
Unless Lawmakers Act Now, Pension Debt Hurricane Will Swamp Taxpayers
by Jesse Hathaway October 27, 2016Unless lawmakers in local and state governments act now, the problem of underfunded public pension plans will come ashore in the foreseeable future, hitting taxpayers with tax hikes and crippling debt, a true financial hurricane caused by decades of elected officials’ poor planning.