Comment: That’s just the current cash bill. The unfunded liability for healthcare for pensioners, also constitutionally protected, exceeds $50 billion.

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Downstate cynic
4 years ago

This has been going on for years. it began around 2005 or 2006. The state knows based upon benefit design, historical use rates, employee demographics and agreed upon rates what they will need to pay in a given year. So during the budget process they knowingly fund less than expected and in the budget these all showed up as deferrals to the next year. Medicaid was also non funded in this way. Our Democratic leaders at the time said they had balanced the budget by shifting the obligation to the next year’s budget. I guess if you are lawyer you… Read more »