So says the state Office of Collective Bargaining in a new study.
State and local governments would have saved an estimated $1.3 billion in 2010 on health insurance and automatic pay increases if the limits imposed by Senate Bill5 were in effect, according to a new analysis by the state Office of Collective Bargaining.
The cost analysis focused on three provisions in the bill: that workers must pay at least 20 percent of the cost of their health insurance, and the elimination of automatic step and longevity pay increases currently built into most contracts.
The analysis estimates the state would have saved $217 million last year, while the savings for schools and local governments would have topped $1.1 billion.
If you double the state number alone for Ohio’s biennial budget, $434 million would be a good start on closing the $8 billion shortfall we face.
While the public employee unions and Democrats insist that the sky is falling, its important to remember that there are other states that have already enacted these kinds of reforms. Our neighbors in Indiana and West Virginia are among them.
Finally, watch this video and share it with your friends and family. And call your state Senator to ask them to support this bill. Its time to fix Ohio.