HAUPPAUGE, N.Y. (AP) — A suburban New York county wants to spread out the cost of risingpension benefits over 10 years as one way to help slash a budget deficit that a task force has said could grow to $530 million by the end of 2013.
Suffolk County Executive Steve Bellone, who took office in January, announced an initial plan Monday that would help reduce the shortfall by $160 million, and he indicated further changes are coming.
"We know we cannot tax our way to fiscal health and the economy won't just rebound overnight and solve this for us," Bellone said in a statement. "Everyone in Suffolk County government will need to make tough choices and sacrifice together to get our county back on sound fiscal standing."
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