|
|
DUSTIN GAWRYLOW: THE NORTH DAKOTA PUBLIC PENSION SHORE-UP (BAILOUT) |
In order to "shore-up" the pension fund, those figures have to increase to 11.75% for teachers, and 12.75% for school districts by 2014.
In the coming years, you can be assured that local school districts will be complaining about the new unfunded mandates place on them by this plan. The sad part is - they are right. This pension shore-up/bailout will eat into state spending designed to buy-down local property tax rates (which is bad policy in the first place).
READ MORE...




