Paterson Earns Bloomberg's Praise
June 3rd, 2009
Gov. David Paterson recently vetoed a measure that would extend pension benefits to new firefighters and police and that made Mayor Michael Bloomberg very happy. Bloomberg released the following statement praising Paterson:
“Governor Paterson made a gutsy decision last night to veto a pension continuation bill. He demonstrated his commitment to fiscal responsibility and the need for Albany to finally begin living within its means. The City and State have been buried by exponential growth in pension costs and we need reform now, before those costs bankrupt the City and the State. The Governor has introduced the City’s proposal to create a new, modern pension tier, which would save the City $200 million next year and $7 billion over the next 20 years, and we are grateful that he continues to demonstrate the leadership we need in Albany on this issue.”
Union leaders and legislators who sponsored the bill are less than thrilled. Liz Benjamin has more on Paterson’s actions here.
By David King on June 3, 2009, 4:32 pmIn category: Albany, Eye on Albany | 1 Comment »



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June 4th, 2009 at 10:06 am
Paterson and Bloomberg supported pension enhancements for their generation up until 15 months ago. All those pension deals over the past decade were voted in favor of by Paterson as a legislator.
Now they want lower benefits for younger generations. To go along with the lower pay for younger generations Bloomberg recently enacted.
What’s next? A “modern” tax code with higher rates for those born after 1960? “Modern” public services only available to those born before?
Generation Greed.