Description/Abstract
We examine spending on retiree health care as a percentage of revenues for a sample of New York State school districts. The fiscal burden of these benefits grew from 2010 to 2021, and big city school districts have faced the largest burdens. Assuming CBO forecasts regarding growth in health care costs and continuation of recent trends in revenue growth, we project that the burden of retiree health care benefits will exceed 10 percent of revenue by 2050. Projected burdens are greatest big city and high need rural districts. We discuss cutting benefits and pre-funding as possible policy responses.
Document Type
Working Paper
Date
Fall 12-22-2022
Keywords
Retiree benefits, health care benefits, school district finance, public budgeting, fiscal sustainability
Language
English
Series
Working Papers Series
Disciplines
Economic Policy | Economics | Public Affairs, Public Policy and Public Administration | Public Policy
ISSN
1525-3066
Recommended Citation
Bifulco, Robert; Lewis, Minch; and Shybalkina, Iuliia, "The Fiscal Sustainability of Retiree Health Care Benefits Among New York State School Districts" (2022). Center for Policy Research. 463.
https://surface.syr.edu/cpr/463
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Included in
Economic Policy Commons, Economics Commons, Public Policy Commons
Additional Information
Working paper no. 252