A Warning on Philadelphia's Pension and Health Costs

Publication: Philadelphia Inquirer

Author: Marcia Gelbart


01/24/2008 - Philadelphia's ballooning pension and health-care costs threaten the city's ability to provide services and continue to reduce taxes, according to a report released yesterday by the Pew Charitable Trusts and the Economy League of Greater Philadelphia.

The study found that benefit costs will consume 28 percent of Philadelphia's budget by 2012, up from 16 percent in 1998. That rise will drain "the resources needed to tackle other city problems," according to Donald Kimelman, managing director of Pew's Information and Civic Initiatives.

Read the full article A Warning on Philadelphia's Pension and Health Costs on the Philadelphia Inquirer Web site.

X
(All Fields are required)