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FOR IMMEDIATE RELEASE
PR- 253-09
June 3, 2009

STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON GOVERNOR PATERSON'S VETO OF SENATE BILL 1409

“Governor Paterson made a gutsy decision last night to veto a pension continuation bill. He demonstrated his commitment to fiscal responsibility and the need for Albany to finally begin living within its means.  The City and State have been buried by exponential growth in pension costs and we need reform now, before those costs bankrupt the City and the State.  The Governor has introduced the City’s proposal to create a new, modern pension tier, which would save the City $200 million next year and $7 billion over the next 20 years, and we are grateful that he continues to demonstrate the leadership we need in Albany on this issue.”







MEDIA CONTACT:


Stu Loeser/ Marc La Vorgna   (212) 788-2958




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