Long Island town and city pension costs surpassed $137 million last year, up $13 million over 2024, as the expense continued to strain municipal budgets, a Newsday analysis found.
State data shows two consecutive years in which the cost of funding employee and retiree pensions spiked across Long Island's 13 towns and two cities by more than 10%. The costs rose from $110 million in 2023 to $123.7 million in 2024, a 12.5% increase.
Last year, the total increased for every town and city on Long Island, jumping as high as 19% for Shelter Island’s police department.
Read more at the link in bio. (Photo: Neil Miller)
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