2016 Shattuck Awards
Which City of Boston employee is your unsung hero?
Nominate a deserving employee today!
Nomination Deadline: JUNE 3, 2016
Author: bmrb
Mayor’s FY17 Budget Increases by 4.0%
Mayor Walsh’s recommended General Fund operating budget for FY17 totals $2.97B, an increase of $114.8M or 4.0% over the prior year. Of the revenue growth, 93% comes from the City’s own revenue sources. Click here to read more about the proposed budget
Boston’s Retiree Health Care Liability Increases Slightly
The City of Boston’s unfunded liability for retiree health insurance, also known as other post employment benefits (OPEB), is $2.26B according to the most recent independent actuarial valuation as of June 30, 2015. This latest figure represents an increase of $121M or 5.6% over the last evaluation as of June 30, 2013. The growth was driven by normal plan activity as well as important assumption and plan changes. The unfunded OPEB liability exceeds Boston’s pension liability of $1.69B. (continued . . .)
2016 Annual Meeting
March 8, 2016 – The Research Bureau’s 84th Annual Meeting of Directors & Members was a great success with over 400 in attendance at the Seaport Hotel, Boston. Click here for the video:> Thank you to the 2016 sponsors of this event:>