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Saturday, March 10, 2012

Teacher Pension Shift Would Cost Counties $500 Million Over Next Four Years

In the Senate’s proposed budget plan, some of the costs of teacher retirement would be shifted to county school boards over the next four years, not to the county governments next year, as Gov. Martin O’Malley had proposed. But the approved proposal would ultimately force counties to give their school boards $500 million more over the next four years.

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4 comments:

Anonymous said...

Don't they realize that this is going to come out of the BOE budget? It is not like the county is going to give them a budget and pay the pensions out of general fund. Any cost in pensions is going to directly effect the classroom.

Anonymous said...

Sounds like one of the tough decisions that the gov is making in the name of job creation.Isn't he wonderful? Take away our earnings at a record pace then give us his expenses in return. Don't blame me,I didn't vote for him.

Anonymous said...

what an absolute disaster for local maryland counties! we have been set-up by our state officials.

Anonymous said...

This massive budget shortfall is due to the lawmakers raiding the pension plans for their wasteful spending habits.