New York Governor Andrew Cuomo (D) drove through a major and critical first step toward necessary pension reform last night in Albany. The bill, which passed in the wee hours of the morning, will save New York City taxpayers $22 billion over 30 years and state taxpayers $50 billion. More needs to be done, but Governor Cuomo bravely cracked the wall on public employee union opposition to changes in New York’s unsustainable pension system. State Senate Majority Leader Dean Skelos and Assembly Speaker Shelly Silver also deserve huge credit.
Last night’s courageous vote spells hope for New York’s future.
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