CT comptroller announces pension changes that could save cities, towns $1B
Towns will save $32 million in the first year alone.
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The state comptroller announced a deal to save cities and towns almost $1 billion.
Municipal employee unions have agreed to major pension changes including how cost-of-living increases are calculated.
Towns will save $32 million in the first year alone.
"We get to now take that out of our budget and potentially not cut that teacher that was potentially on the chopping block -- that police officer, that firefighter. That it huge," said Paul Harrington, Windsor Locks first selectman.
Lawmakers say they will consider even more changes next year.
