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Opinion
Editor's notebookPublished 11/20/06
PENSION LOAD - Last week, while analysts were greeting governor-elect Martin O'Malley with projections of state revenue shortfalls, a county task force had its own joyous tidings for county executive-elect John Leopold.
The news involves pensions for county government employees, a frequent but little-heralded source of fiscal headaches. To pay promised retiree benefits, the county will have to start socking away between $75 million and $137 million annually - for the next 30 years. That will eat up between 6 percent and 13 percent of the county budget.
This stems from a change in bookkeeping rules, courtesy of a...
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