Hey, NYC Comptroller Mark Levine: Pension funds belong to taxpayers — not YOU |
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Hey, NYC Comptroller Mark Levine: Pension funds belong to taxpayers — not YOU
New York’s city comptrollers are supposed to safeguard taxpayer dollars, but many have treated the city pension funds they oversee as their own play money — and Mark Levine is no different.
Thursday, Levine announced that he’ll skim $4 billion in pension-fund cash to boost “affordable housing,” in response to a “worsening housing crisis.”
Huh? New York pols have bemoaned the housing crisis for nearly a century — which makes it more the status quo than a “crisis.”
Yes, the city does need more housing, but that’s largely because lefty pols (like Levine) have pushed policies that stifle development and erode the housing stock.
Equally problematic is when comptrollers tap pension-fund cash for their own pet causes.
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