72% of CT Voters Oppose Malloy’s Plan to Make Towns Pay for Teachers’ PensionsMay 11, 2017
The April poll, commissioned by the pro-teachers Connecticut Education Association (CEA), presents an obstacle as Malloy prepares a new budget proposal for Friday.
Nearly three-quarters of Connecticut voters oppose the proposal by Gov. Dan Malloy (D-Conn.) to shift one-third of teachers’ pension costs from the state to Connecticut’s 169 towns and cities.
The results, released by the pro-teachers Connecticut Education Association (CEA) in April, complicate Malloy’s plan to remove some of the teachers’ pension burden at the state level by passing it on to towns. Malloy is proposing a new budget, to meet the state’s expected $4.7 billion deficit, on Friday.
Local leaders have warned Malloy they will need to raise property taxes if the state passes those pension costs on to towns and cities.
Connecticut expects to have $1.2 billion in teachers’ pension costs in the coming fiscal year (which runs October 1, 2017 through September 30, 2018). Malloy wants to hold towns and cities responsible for one-third of those costs (around $400 million).
According to a 2015 study, Conneticut’s total unfunded liability (UAAL) for the Teachers’ Retirement System (TRS) is around $10.8 billion.
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