NYC taxpayers to get soaked for $151M as Hochul, state Dems unwind pension reforms

Source: New York Post

City taxpayers will dish out $151 million for Gov. Kathy Hochul and state lawmakers’ sweetheart giveaway to public-sector labor unions – largely undoing pension reforms that slightly reined in runaway spending. The Democrats in charge of state government agreed to sweeten the already generous pensions of public employees as part of their painfully slow process to pass a budget, in a move that benefits themselves and the influential unions but will cost taxpayers $6 billion more by 2051.