GOVERNOR PATERSON SIGNS BILL TO SAVE PROPERTY TAXPAYERS MONEY
Last week, Gov. David Paterson signed legislation into law to create a new tier of pension benefits for New York’s public employees. The measure brings landmark structural reforms to New York’s public retirement system that will save state and local governments nearly $35 billion over the next 30 years. Those reforms include: raising the minimum retirement age; increasing the minimum number of years of service required to draw a pension; and capping the amount of overtime that can be considered in the calculation of pension benefits. The cost to subsidize the current public retirement system have grown out of control and property taxpayers have been crippled by mounting property tax bills to support the system. REALTORS applaud the governor for making structural reforms to the pension system that will translate into meaningful savings to New York’s overburdened property taxpayers.
To learn more about this and other important issues concerning property owners give me a call. I’ll be happy to help you with all your Real Estate needs!
THANK YOU,
TINA J. DILLON, GRI
Licensed Real Estate Sales Associate
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