Sentences with phrase «to cover pension costs»

The measure would have allowed schools to borrow more than $ 1 billion in bonds in order to cover pension costs plus interest over 15 years.

New York taxpayers caught a huge break yesterday, when Gov. Cuomo vetoed a bill that would've let school districts borrow to cover pension costs.

Starting April 1, Walker wants to force state employees to contribute 5.8 percent of their salaries to cover pension costs and more than double their health insurance contributions.

Corn points out that school districts did not always have to pay so much to cover pension costs.

Wilson, the GOP candidate, said borrowing from the pension fund to cover pension costs would be a «perverse situation where the controller is reversing his historical role of defending the pension fund at all costs.»

To avoid pushing out other education expenses to cover pension costs, communities could elect to raise property taxes.

Meanwhile, take - home pay is being reduced to cover pension costs and health care expenses, making it difficult for some to pay dues, said WEAC president, Mary Bell.

But with property tax collections limited by state law, the school district has not found a sustainable way to cover its pension costs.

Emanuel, who is in Washington, D.C., for a national mayor's conference, has spoken out against Rauner's bankruptcy idea in the past, saying instead the state should provide more money to CPS to cover its pension costs.