Boston’s Retiree Health Care Liability Increases
The City of Boston’s unfunded actuarial liability for retiree health and life insurance benefits recently grew by $102M or 4.5%.
The City of Boston’s unfunded actuarial liability for retiree health and life insurance benefits recently grew by $102M or 4.5%.
Boston’s strong financial position was demonstrated by its recent successful sale of $150M of Go bonds.
Over the past five years, the number of property tax abatement applications have decreased by 24%, ultimately freeing up $ for city spending.
The Community Preservation Committee has decided that the first round of applications for CPA funds in FY18 should be a ‘start-up’ Pilot Program . . .