Gubernatorial Caniddate Clay Pell says as Governor he will
double the money that the state gives to local municipalities through the
Municipal Incentive Aid Program in order to help limit the impact of the
pension settlement deal.
“As governor, one of my highest
priorities will be to strengthen our cities and towns financially. My first
budget will include a $10 million appropriation to the Municipal Incentive Aid
Program to limit the impact of pension reform on cities and towns. If we’re
truly all in this together, we should work to ensure property tax increases are
not the result of changes to the State’s pension system,” said Pell.
Right now the Municipal
Incentive Aid program, which aims to help municipalities improve the
sustainability of their retirement plans by providing them with additional
state aid if they comply with certain requirement, is budgeted at $5 million.
Pell says as Governor he would budget $10 million for the program.