SPUR Lunchtime Forum: The budget deficit vs. City employee benefits
"This year, the City will spend nearly $900 million on health care and pension benefits for current and retired city workers. This is projected to grow by 60 percent in the next four years. Why are benefit costs growing so rapidly? What impact might this have on basic services and the overall ability for local government to function effectively? And most importantly, what is being done to manage this spike in costs? With Micki Callahan and Steve Ponder of the Department of Human Resources."
11:27 AM PST on March 8, 2010
“This year, the City will spend nearly $900 million on health care and pension benefits for current and retired city workers. This is projected to grow by 60 percent in the next four years. Why are benefit costs growing so rapidly? What impact might this have on basic services and the overall ability for local government to function effectively? And most importantly, what is being done to manage this spike in costs? With Micki Callahan and Steve Ponder of the Department of Human Resources.”
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