Comptroller Candidates Debate Pension Reform
Monday, September 21, 2009
'Of course we are going to need pension reform if we are going to have a sustainable city budget.'
But Liu says the proposal won't solve the city's budget woes.
'The idea that a new pension tier would help us solve the $5 billion budget deficit that we have to address over the next nine months is simply politicial rhetoric in a campaign season.'
The two city councilmen went straight from their radio appearances to stage back-to-back press conferences on the steps of City Hall.
The city comptroller is responsible for managing tens of billions in city pension investments, approving contracts and auditing agencies.
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