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Entries from February 19th, 2012

Pension Impact On The Budget, Pay Now Or Pay Later

May 1st, 2011 · 38 Comments · City Budget, City Council

In his latest essay, fiscal watchdog John Marshall Lee, who has organized Budget Observer Bridgeport (BOB), a group of citizens attending legislative budget sessions, places a spotlight on city pensions and what the costs represent. Mayor Bill Finch has delayed pension payments, avoiding an election-year tax increase. Lee says putting off the pension payments is [...]

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