10/15/2013

One out of five cities reduced pension benefits for their workers in 2013 and nearly one-quarter cut health care benefits, according to the National League of Cities' annual City Fiscal Conditions report. The survey found that 80% of the 350 city finance officers it surveyed felt their city's ability to meet its budget obligations had been negatively affected by employee health benefit costs, while 75% said pension costs were having a negative affect.

Related Summaries