247.2004
RESOLUTION OPPOSING STATE COMPTROLLER’S PROPOSAL TO
INCREASE TOWN OF QUEENSBURY’S 2004 CONTRIBUTIONS TO
NEW YORK STATE EMPLOYEE RETIREMENT SYSTEM
RESOLUTION NO.: 247. 2004
INTRODUCED BY: Mr.Tim Brewer MOTION DEFEATED
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the Town of Queensbury paid $173,284 more in the New York State
Employee Retirement System (NYSERS) contributions in 2003 than in 2002 because of losses in
the NYSERS Fund, and
WHEREAS, local government did not cause or contribute to the losses in any way, and
WHEREAS, New York State Comptroller Alan G. Hevesi has proposed increasing the
contributions in 2004 by 11.5% for Tiers 1 and 2; and 6.6% for Tiers 3 and 4 payable in
December 2004, and
WHEREAS, those increases would require the Town of Queensbury to pay
approximately $124,340 more in NYSERS contributions in 2004 than in 2003 and $297,624
more than in 2002, and
WHEREAS, NYSERS is 100% funded in 2004 without the proposed large increase in
contribution rates, and
WHEREAS, the Town of Queensbury will be required to contribute approximately
$298,000 more to NYSERS in 2004 than it contributed in 2002, further increasing the real
property tax burden on real property taxpayers in the Town of Queensbury, and
WHEREAS, the unnecessarily large proposed increases will cause an undue burden on
real property taxpayers in the Town of Queensbury, including the elderly, disabled and others
living on fixed incomes, who will be put at risk of losing their homes at real property tax sales,
NOW, THEREFORE BE IT
RESOLVED, that the Queensbury Town Board hereby strongly opposes New York State
Comptroller Alan G. Hevesi’s proposed 2004 New York State Employee Retirement System
(NYSERS) contributions but strongly supports Governor George E. Pataki’s alternate proposal
for 6.5% NYSERS contributions in 2004 and periodic reductions thereafter, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Clerk to
forward copies of this Resolution to the Warren County Board of Supervisors, New York State
Association of Counties, Governor George E. Pataki, Senator Elizabeth Little, Assemblywoman
Teresa Sayward, Senate Majority Leader Joseph Bruno, Assembly Speaker Sheldon Silver, and
New York State Comptroller Alan G. Hevesi and further authorizes and directs the Town
Supervisor and Town Clerk to take such other and further action as may be necessary to
effectuate the terms of this Resolution.
rd
Duly adopted this 3 day of May, 2004 by the following vote:
AYES : Mr. Brewer, Mr. Stec
NOES : Mr. Strough, Mr. Boor, Mr. Turner
ABSENT: None