Read Harry’s Latest White Paper
Posted by Team Wilson - Thu, September 02, 2010 at 10:01 AM
The secretive borrowing scheme of unelected state Comptroller Tom DiNapoli authorizes the state to borrow money from the state pension fund to make constitutionally required payments to that very same fund, with interest. The plan, which was devised to hide the massive under-performance of the pension fund relative to its 8% target return, will lead to higher property taxes everywhere in the state.
Harry, a Harvard graduate, scrutinized the problems and sees much bigger problems. To see just how devastating this problem is, take a look at Harry's detailed report by clicking here.
The New York Times wrote about the problems here.
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