Expanding health care costs for retired municipal workers equal nearly 20 percent of the property tax paid by the average single-family homeowner in Springfield and Holyoke, an analysis by the Massachusetts Taxpayers Foundation has found.
Massachusetts Taxpayers Foundation analyzed the impact of growing retiree health costs on nine of the 10 cities with the lowest per capita incomes. In North Adams, for example, retiree health care amounts to 22 percent of the city’s property tax levy, or $445 on the average annual tax bill in North Adams.
By Andy Metzger, Cape Cod Today / State House news Service
News of the state's ongoing negotiations to secure a five-year federal waiver was less forthcoming. The waiver dates back to 1997, undergirds Massachusetts efforts at providing universal health care and health care cost control, and represents the biggest fiscal risk in the near future, according to Massachusetts Taxpayers Foundation President Michael Widmer.