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Teacher Pension Costs Leaving Budget Hole For Local Governments

April 16th, 2013 by WCBC Radio

The decision by Maryland lawmakers last year to shift teacher pension costs from the state to counties is leaving a budget hole for local governments to fill, despite state disparity grants to Allegany and Garrett counties. The disparity grants don’t cover the full costs of teacher pensions. In Allegany County, the disparity grant was just over $9 million, however county finance director Jason Bennett said that will still leave the county having to come up with a quarter of a million dollars to fill the void. He cautioned county officials that the grant is not something that can simply be counted on in future years…

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