Press Release: Regional Institute Issues Policy Brief on Local Government Legacy Costs

Local governments are reeling from the current recession, but not far off is another fiscal crisis of potentially catastrophic proportions. Over the next 30 years, nine of the region’s largest local governments will have to come up with nearly $4 billion to cover their retirees’ non-pension benefits, according to the latest UB Regional Institute policy brief, “The End of Local Government as We Know It?”.