Policy Institute Dismisses Pension Shift As “Passing The Buck”

In a letter from Gabriel Michael of the Maryland Public Policy Institute, published in the Washington Post Friday, the Institute’s Senior Fellow offers views on the state’s proposed budget plan for FY 2013 and beyond, including a shift of pension costs and various revenue increases as means to stave off a “doomsday budget.”

From the letter:

On top of it all, the centerpiece of the governor’s cost-containment strategy of shifting $239 million in teacher pension costs to the counties doesn’t restrain costs at all. It simply hands the bill to someone else. Precisely this same approach is being taken with the proposed tax increases: passing the buck.

Click here to see the letter on the Maryland Public Policy Institute website.

Michael Sanderson

Executive Director Maryland Association of Counties

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.