January 13, 2012

The Crushing Burden of Municipal Retiree Health Care Liabilities

The average single family homeowner in 10 of the state’s most economically vulnerable cities would need to pay an astonishing $13,685 today or absorb a crippling 20 percent property tax hike over the next 30 years to subsidize billions in unfunded retiree health care liabilities, according to a new report by the Massachusetts Taxpayers Foundation.