Fairfield News: First Selectman Upset On State Teacher Pension Cost Transfer to Towns is Back
This is not good news. We have to stop this. We have to work together to stop this. For Fairfield, this means $700,000 added to our expenses starting July 1. Let me be clear, this $700,000 is not in our approved budget and would force us to make cuts to services. This expense line will grow quickly – $1.4 million next year and $2.1 million the following year. This cost represents our fastest growing expense line item in our budget. This pension cost transfer will put pressure on our Education budget and take money away from our students. Because we value our teachers, we will also pay a penalty fee because we pay our teachers more than the state average.…