- Mar 10, 2017
Full and original article posted on Worcester Business Journal Online
The city of Worcester is behind by $861 million on what it owes retired city workers and is slated to owe current employees for health care and other benefits, according to a new report.
That liability exceeds the city’s annual operating budget, and is projected to more than double in the next roughly three decades to over $2.5 billion, according to the report, which was written by the nonprofit Worcester Regional Research Bureau and presented to the City Council this week.
Click here to read full article.