«With this overtime, it's going to cost taxpayers millions of dollars in increased pension costs,» he said. (newsday.com)
«This reflects the dire fiscal circumstances the city faces, the devastating impact of increasing pension costs and the desperate need for aggressive reforms,» said Marc La Vorgna, a mayoral spokesman. (nytimes.com)
Albany has been engaged in deficit spending since at least 2007, the mayor said, and has extinguished its formerly healthy rainy - day fund in order to deal with increased pension costs and other consequences of the 2008 Wall Street meltdown. (timesunion.com)