01 Sep

What does an almost one billion dollar (and growing) debt mean for Newton?

The failure to act on our almost one billion dollar unfunded pension and health care obligations for retiring municipal workers and elected official is one of the most serious issues facing Newton. If we were to pay this obligation today, each of our more than 31,000 households would owe over $30,000! Having a debt this size will certainly change the way we pay for our basic city services including our schools. It is irresponsible to think we can avoid the problem any longer, or pass it off to the next generations of children and Newtonites.

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