The most recent budget proposal out of the state legislature has caused State Treasurer Denise Nappier to issue a rare warning to legislators.
Nappier said the proposal in the budget to require teachers to pay a larger pension contribution “could result in significant tax liability for teachers” and “could jeopardize the tax-exempt status of the entire” Teachers’ Retirement Fund.
Tell legislators to remove the teacher tax from the budget before voting on it this week.
