Today’s Tribune has a story about pension costs in Methuen, and how the continued rapid escalation in these costs are threatening municipal finances throughout the Commonwealth of Massachusetts. I do agree with Michael Widmer that any extension of the full funding schedule should be coupled with meaningful pension reform. However you cut it however these pension cost increases are destroying our ability to manage our finances at the local level. When coupled with the massive spike in health care costs something has to give.
Read the Tribune story here.