Worcester Research Bureau Raises Questions About Worcester’s Budget

Full and original article posted on GoLocalWorcester

The analysis by Worcester Research Bureau educates and raises warning flags over issues ranging from the percentage of the City’s property that is exempt because it is held by non-profits to the threat of unfunded liabilities — the long-term pension and healthcare costs tied to city workers.

According to the rating agencies, Worcester financial situation is stable, but their are long-term costs that need further address. Moreover, the Research Bureau raises questions about the present structure for funding Worcester Schools.

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