Foster's editorial page points out some of the additional costs passes on to cities and towns by the Legislature:
New Hampshire government is a fiscal train wreck waiting to happen and the engineers at the Statehouse seem determined to maximize the casualties.
Cities and towns will have to fill in the gap created by the Legislature. Why? Because retirement benefits are negotiated — and the chance of public employees unions agreeing to a cuts in retirement benefits representing 5 percent of the cost is as remote as is the Legislature acting in a general manner that benefits all the people of New Hampshire. (more)
I would question the premise that the train wreck hasn't happened yet.
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