Budget news

Posted by Lou on May 28, 2010

There are a couple articles in the Projo that you should be aware of:

Two weeks ago, the budget deficit was deemed to be less than expected.

Yesterday, the House Finance Committee voted to send their budget proposal to the full house by a 13-to-1 margin. This budget proposal includes the previously accepted proposal of cutting state employee pension COLAs to the lesser of the CPI or 3% on first $35,000 on pension benefit.

You know what this means, folks. It means it’s time to contact your representation and explain to them that cutting your pension benefit constitutes a breach of contract and takes money out of the RI economy in the future. Tell them that our pension is not the financial windfall that they and the public think it is. Ask them if pension cuts are so necessary, why are state troopers and legislators exempted from the cuts. Ask them to force all legislators, judges and state troopers to pay 8.75% towards their pension benefit and a 20% co-chare of their health insurance. But most of all, tell them that you refuse to support politicians who refuse to support you.