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Municipal Finance

Our reports on municipal finance track Worcester’s revenues and expenditures and its financial condition on a yearly basis, sometimes offering recommendations for increasing revenues and decreasing expenditures.

Bureau Brief—Worcester’s Unfunded OPEB Liability

The City of Worcester, like most municipalities, has struggled with outstanding pension and other post-employment benefit (OPEB) liabilities. While the City is engaged on a plan to fund its pension obligations by 2032, there is no plan in place to address the more than $727 million owed for OPEB, which mainly consists of retiree health care costs.

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10 Questions about Worcester’s FY12 Budget

In an effort to explain the major fiscal challenges that Worcester and every other community in the Commonwealth faces in FY12, and how they have been addressed, The Research Bureau presents answers to ten key questions about the City’s budget.

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