He also says municipal leaders are struggling with fast
rising pension and health care costs, a shrinking property tax base and declining state aid.
But in recent years, Mr. Bloomberg has talked increasingly about the dangers of
rising pension and health care benefits.
But next year's overall budget of $ 298.8 million represents an increase of $ 700,000, or 0.23 percent, largely because of
rising pension and health care expenses, she said.
The city's budget comes due in the summer, but Miner already has said the city will run out of money in the next few years — even without the tax cap — because of sharply
rising pension and health care costs.
The Mayor went on the say that what does threaten the city are
rising pension and health care costs for public employees.
Not exact matches
For what it's worth, Spitzer
and Bloomberg are again disagreeing — this time over the mayor's warning that NYC could very well go the way of Detroit if his successor fails to control the city's rapidly
rising health care and pension costs.
But he then explained that the
rising costs of
health care,
pensions and contractually - obligated raises, all play a part in increased overall spending.
Bloomberg administration officials attribute increased cost in uniformed services to the
rising cost of
health care and pension benefits.
But they are costing us more each year, as
health care and pension costs continue to
rise.
But School districts face
rising costs for employee
health care,
pensions and annual longevity, or «step» raises for teachers that are built into most union contracts.
But
health care and pension costs continue to
rise.
New Jersey has seen its credit downgraded repeatedly by Fitch Ratings, Moody's Investors Service
and S&P Global Ratings under Christie, mostly due to its deeply distressed $ 75 billion
pension system
and rapidly
rising costs for
health care.
Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments
and school districts scrambling to constrain spending despite
rising health care and pension costs.
Though the Chinese government is currently trying to expand
health insurance
and pension programs for its citizens, it faces challenges given the
rising cost of living
and health care.
Professor Marty West mentions that largely lost in the debate about teacher pay, meanwhile, is that state education budgets are increasingly being allocated to the
rising costs of
health care and pensions, putting downward pressure on salaries.
Even as enrollment - driven revenue declines, costs for special education continue to increase, $ 200 million a year in the last decade,
and health care and pension costs continue to
rise.
The landscape of retirement has changed dramatically over the last few decades, however,
and with traditional
pension plans dwindling, the future of Social Security uncertain, the
rising costs of
health care,
and now retirement right around the corner, people are rethinking their approach to retirement income.
The landscape of retirement has changed dramatically over the last few decades, however,
and with traditional
pension plans dwindling, the future of Social Security uncertain, the
rising costs of
health care,
and now retirement right around the corner, people are rethinking their approach to retirement income.
All these moves are very welcome since senior - citizens face
rising health -
care expenses
and depend upon their income earned from interest &
pension.