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You can't put all of the burden on the local taxpayer".
Investment losses would ordinarily prompt steep increases in state and local taxpayer contributions, to keep the pension funds flush.
"There are a lot of times that taxpayers don't understand the process," said a local taxpayer advocate, Patricia Berliner.
"By putting a concentrated amount of money into the schools, we could buy the benefits of wealthier school districts without any impact on the local taxpayer".
"We'll be able to put more teachers in the classroom and more staff in our schools without costing the local taxpayer any additional money," said Yvette Goorevitch, New Rochelle's director of special and alternative education.
"We have this all over the state of California," said Karol K. Denniston, a bankruptcy lawyer with the firm of Schiff Hardin in San Francisco, who is advising a number of local taxpayer groups.
Similar(37)
Locally, these lost dollars could provide big benefits to local taxpayers, schools and businesses, while also attracting new companies to the state.
For your local taxpayer-subsidised theatre, low-tech high-return junk such as standup comedy, discredited TV psychics and Abba tribute acts float more worthwhile artists with identifiable skills – dancers, actors, puppeteers and ex-members of the Stranglers doing acoustic tours.
The generosity of local taxpayers had typically been more restrained.
And it cannot easily turn to the local taxpayers because of a cap on property taxes.
Local taxpayers are entitled to a say in how their money is spent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com