Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Tag: Retirement

The Pension Pain

School District’s Outstanding Debt and Pension Costs

The debt service increase accounts for 0.65% of the proposed tax levy increase for 2013-2014; mandated pension costs to the Employees’ Retirement System (ERS) and the Teachers’ Retirement System (TRS) total 2.31%. Together, these constitute 2.96% of the proposed 3.19% (with STAR) tax levy increase.