See Report on Achieving a Structurally Balanced Budget on YouTube

The Office of Legislative Oversight provided a nice synopsis of its report, Achieving a Structurally Balanced Budget, at our February 2 town hall meeting. The 15-minute presentation goes over some of the options detailed in the report, including reducing future salary increases; raising the employee share of health benefits; restructuring retirement benefits; reducing the size of the workforce; reducing debt service; and increasing revenues.

I asked the OLO to undertake this study during our operating budget deliberations last year as it became increasingly apparent that quick fixes aren’t going to resolve our long-term, built-in problems. Check out the video on YouTube.