Job growth is job #1. Not just any job, the economy needs private sector jobs in mining, logging, manufacturing, energy and agriculture in order to provide the economic fuel necessary to maintain our standard of living and fund state government. Part of this process necessitates the legislature to keep government expenditures and taxes low so that businesses can have resources necessary to survive and expand in these difficult times.
A Cost of Living Increase (COLA) for retired state employees is not prudent at this time. The PERSI system is underfunded by $2.6 billion and a COLA increase may trigger a future increase in current state contributions that are ultimately funded by the taxpayers. We cannot risk burdening taxpayers.
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